On Friday, May 22, the Small Business Administration (SBA) released an Interim Final Rule (IFR) for the requirements of Loan Forgiveness under the CARES Act. Procedurally, the IFR is subject… [Read More]

On Friday, May 22, the Small Business Administration (SBA) released the Interim Final Rule (IFR) for the requirements of Loan Forgiveness under the CARES Act. Procedurally, the IFR is subject… [Read More]

On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. The Application can be found at https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf While the Application helps to… [Read More]

The first wave of PPP loans have been approved and funded and the second wave is in process. The loan funding started the clock on the eight-week measuring period for… [Read More]

On March 18, 2020 President Trump signed the Families First Coronavirus Response Act (the “FFCRA” or “Families First Act”) which has provisions that became effective April 1, 2020 and applies… [Read More]

The Paycheck Protection Program (PPP) of the CARES Act is in the process of being implemented by banks. The process has been somewhat rocky for several reasons, including the different… [Read More]

As referenced in our prior Blogs, the CARES Act was signed by the President on Friday, March 27, and is now law. The Act has numerous provisions, one of which… [Read More]

As referenced in our prior Blogs, the CARES Act was signed by the President on Friday and is now law. The Act has numerous provisions, one of which is the… [Read More]

The CARES Act was signed by the President on Friday and is now law. The Act has numerous provisions, one of which is the Paycheck Protection Program (PPP). PPP will… [Read More]

The CARES Act (Act) passed the House and was signed by the President on Friday. In theory, banks should be in business to lend under the Paycheck Protection Program (PPP)… [Read More]