News & Analysis as of

Loans CARES Act SBA Lending Programs

Ballard Spahr LLP

Overturning of Chevron Boosts Challenges to SBA PPP Loan Forgiveness Denials

Ballard Spahr LLP on

The U.S. Supreme Court’s recent overturning of the Chevron Deference Doctrine calls into question several Chevron-based federal court rulings allowing the Small Business Administration (SBA) to exclude many categories of...more

Orrick, Herrington & Sutcliffe LLP

Recent PPP Developments: New Legislation Passed Enhancing Borrower Benefits Under PPP Loans

The Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”) was signed into law on June 5, 2020 (the “Enactment Date”). As summarized below, the PPP Flexibility Act makes certain Paycheck Protection...more

Ballard Spahr LLP

UPDATED: Payroll Protection Program Expanded to Aid Small Businesses, but Workforce Questions Remain

Ballard Spahr LLP on

Section 1102 of the CARES Act creates the Paycheck Protection Program (PPP), which is intended to provide funds for small businesses affected by COVID-19 to maintain their workforce. ...more

Lewitt Hackman

Major Changes to Loan Forgiveness Rules Under the Paycheck Protection Program

Lewitt Hackman on

As of June 4, 2020 - On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and economic...more

Faegre Drinker Biddle & Reath LLP

Labor and Employment Issues in the CARES Act

On March 27, 2020 the House passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) – the largest stimulus package in U.S. history – in response to the economic crisis caused by the coronavirus pandemic. The...more

Roetzel & Andress

300 Billion SBA Loan Program Expansion Considered By Congress

Roetzel & Andress on

A second SBA loan relief program is currently being considered by Congress. The United States Senate is attempting to finalize the Keeping Workers Paid and Employed Act (“KWPEA”) which is Division A of the Coronavirus Aid,...more

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