On May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck...more
5/19/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Loan Repayment Issues ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
After we issued the client alert below, the SBA also published FAQ #47 extending the date for the safe harbor period to return PPP funds to May 18, 2020.
One day before the U.S. Small Business Administration’s (SBA)...more
As we have previously discussed in several prior Client Alerts, the Paycheck Protection Program (“PPP”), launched last month as part of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), is intended to...more
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Among the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349...more
Things are moving fast (perhaps the only good news in this uncertain environment). On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). On Monday, March...more
4/2/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Private Equity ,
Private Equity Firms ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Venture Capital