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SBA Guidance Clarifies PPP Forgiveness & Felony Conviction Eligibility. Re-Opens Economic Injury Disaster Loan Program

On June 11th and 12th, the Treasury Department and the Small Business Administration (SBA) unveiled consecutive days of revisions to the first interim final rule for the Paycheck Protection Program (PPP) as well as revised...more

SBA Clarifies Treatment of Foreign Affiliates for 500-Employee Calculation

The Paycheck Protection Program (PPP) requires borrowers to certify that “[t]he applicant (1) is an independent contractor, eligible self-employed individual, or sole proprietor; or (2) employs no more than the greater of 500...more

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