On Friday night, May 15, 2020, the Small Business Administration and the Treasury Department released the form of the application and related instructions that borrowers in the Paycheck Protection Program must complete in...more
The SBA has issued a long-awaited guidance on the affiliation rules applicable to the Paycheck Protection Program. This guidance acts to summarize, clarify, and in some cases, modify, the rules in effect for the SBA’s 7a loan...more