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December 2020

Business & Finance COVID-19 Updates (2020)

May-October 2020

PPP Loan Forgiveness – SBA Provides PPP Borrowers of less than $50,000 with Simple, One Page Forgiveness Application and Exemption from Forgiveness Reductions based on FTE and Salary/Wage Reductions (October 27, 2020)
SBA Provides Guidance on Change of Ownership Transactions for Borrowers with PPP Loans (October 8, 2020)
SBA Issues Rule Setting Forth Procedure to Appeal Denial of a PPP Loan Forgiveness Application (September 9, 2020)
SBA Issues Procedural Notice Setting Forth Lender Procedures for Submission of Loan Forgiveness Applications (September 9, 2020)
PPP Loan Forgiveness – SBA Updates FAQs to Clarify Forgiveness Rules (August 19, 2020)
Fed Expands Main Street Lending Program to Expand Eligibility and Encourage Borrowing and Lending (June 12, 2020)
Paycheck Protection Program Flexibility Act Passes House and Senate (June 3, 2020)
PPP Loan Forgiveness – SBA Publishes Forgiveness Application; Clarifies Certain Forgiveness Requirements (May 20, 2020)
PPP Loan Certification – SBA Deems Borrowers of Loans under $2 Million made Certification in Good Faith; Extended Deadline for Borrowers with Certification Concerns to Return Funds; SBA Certification Reviews for Borrowers of Loans over $2 Million (May 14, 2020)
Terms And Additional Details for Main Street Lending Program (May 12, 2020)
PPP Loan Guidance on Employees Refusing Reinstatement (May 11, 2020)
PPP Good-Faith Certification of Economic Need and Eligibility Audits (May 11, 2020)
Information for Borrowers and Lenders with Existing SBA 7(a) and 504 Loans Outside of the CARES Act (April 28, 2020)
Expected Additional Funding of PPP and EIDL Programs, Impact on Businesses and Lenders (April 22, 2020)
Employer Payroll Tax Deferral and Modifications for Net Operating Losses - CARES Act (April 15, 2020)
Main Street Business Lending Program Established for Mid-Sized Businesses (April 10, 2020)
Reflections on Day 1 of the Paycheck Protection Loan Program and the Final Affiliation Rules (April 6, 2020)
Determining Loan Availability and Forgiveness Under the Paycheck Protection Program (April 2, 2020)
SBA Form Application for Paycheck Protection Program Loans under the CARES Act, Applications Accepted Beginning Friday, April 3 (March 31, 2020)
Economic Injury Disaster Loans – Answers to Frequently Asked Questions (March 30, 2020)
Employee Retention Tax Credit - CARES Act (March 27, 2020)
CARES Act Implications for Businesses and Lenders (March 27, 2020)

Banking & Finance

Contacts

Jonathan M. Boulahanis
W. Kent Carter
Craig S. Heryford

Practices

Banking & Finance
Business Transactions

Other practice publications

Banking & Finance
Business Transactions