The Coronavirus Aid, Relief, and Economic Security (CARES) Act, among other economic stimulus measures, provides targeted relief to small businesses through its Paycheck Protection Program (PPP). The PPP and other government...more
This White Paper gives a broad understanding of the terms and implications of the Main Street Lending Program by delving into the key questions market participants are likely to have and addressing the latest changes...more
The Small Business Administration on April 24 issued an update to an interim final rule, crystalizing its view that applicants that have sought protection under the US Bankruptcy Code are not qualified borrowers under the...more
6/26/2020
/ Bankruptcy Code ,
CARES Act ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debtors ,
Eligibility ,
Federal Loans ,
Financial Distress ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, among other economic stimulus measures, provides targeted relief to small businesses through its Paycheck Protection Program (PPP). The PPP and other government...more
6/3/2020
/ Acquisition Agreements ,
CARES Act ,
Contract Negotiations ,
Coronavirus/COVID-19 ,
Corporate Sales Transactions ,
Eligibility ,
Federal Loans ,
Merger Agreements ,
Paycheck Protection Program (PPP) ,
SBA Lending Programs ,
Small Business
The Small Business Administration on April 24 issued an update to an interim final rule, crystalizing its view that applicants that have sought protection under the US Bankruptcy Code are not qualified borrowers under the...more
4/28/2020
/ CARES Act ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debtors ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
Both borrowers and lenders need to be aware of issues arising from a new US government loan program for small businesses relative to existing capital structures, although some guidance also is not yet available. Both...more