Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more
6/30/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Distributors ,
EBITDA ,
Economic Injury Disaster Loans ,
Eligibility ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Reserve ,
Interim Final Rules (IFR) ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Manufacturers ,
Midsize and Large Business Loans ,
Net Operating Losses ,
Pandemic Unemployment Assistance (PUA) ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Retailers ,
SBA ,
Small Business ,
Small Business Loans ,
Tax Credits ,
U.S. Treasury
Borrowers under the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and...more
6/26/2020
/ Borrowers ,
Business Necessity ,
CARES Act ,
Eligibility ,
Guidance Update ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Recordkeeping Requirements ,
Required Documentation ,
SBA ,
Small Business Loans