After the initial $349 billion in the CARES Act’s Paycheck Protection Program (PPP) was exhausted in only 12 days, lawmakers enacted the Paycheck Protection Program and Health Care Enhancement Act (also known as “Phase 3.5”)...more
On April 13, 2020, the U.S. District Court for the District of Maryland denied a motion brought by a number of small business owners seeking to enjoin Bank of America from imposing eligibility restrictions on borrowing under...more