Yesterday, the U.S. Senate adopted by unanimous consent the U.S. House’s version of the Paycheck Protection Program Flexibility Act of 2020 (Act). We expect the Act to be signed into law this week....more
Update May 20, 2020 -
In an interim final rule titled “Business Loan Program Temporary Changes; Paycheck Protection Program – Treatment of Entities with Foreign Affiliates”, the SBA confirmed that due to “‘reasonable...more
As businesses turn their attention from Paycheck Protection Program (“PPP”) loan eligibility to loan forgiveness, the U.S. Small Business Administration (“SBA”) has released the Loan Forgiveness Application (“Application”),...more
The Small Business Administration (SBA) and U.S. Treasury Department continue to trickle out guidance on the Payment Protection Program.
Employees of foreign affiliates -
Most significantly, the SBA stated on May 5 in...more