On Friday, May 23, 2020, the Small Business Administration (SBA) released two long-awaited Interim Final Rules (IFR) regarding forgiveness of Paycheck Protection Program (PPP) loans. As with previous PPP IFRs from the SBA,...more
On April 23, 2020, the Small Business Administration (SBA), in consultation with the U.S. Department of Treasury, released additional guidance to address borrower and lender questions concerning the implementation of the...more
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). One of the objectives of the CARES Act is to provide cash flow to assist small businesses in maintaining...more