The Small Business Administration (SBA) issued two Interim Final Rules on Friday, May 22, 2020.
read moreThe Financial Accounting Standards Board (FASB) voted on Wednesday, May 20th, to delay the effective date of the revenue recognition and leases standards for certain entities. An Accounting Standards Update…
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On May 15, the House passed H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act providing over $3 trillion to federal agencies, state and local governments, small…
read more On May 18, 2020, the Small Business Administration (SBA) issued an additional Interim Final Rule surrounding certain circumstances in which aggregated affiliated borrower employee headcount exceeds 500. Provided the PPP…
read more On May 15, 2020, the Small Business Administration (SBA), in consultation with the Treasury Department, released the Paycheck Protection Program (PPP) Loan Forgiveness Application Form. A complete copy of the…
read more The SBA issued an additional Interim Final Rule on May 14, 2020. This latest Interim Final Rule includes a provision that allows qualifying partnerships to increase the amount of their…
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The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers. To recap, SBA FAQ #31 augments the existing borrower good faith certification that…
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On May 12, 2020, the House of Representatives released a $3 trillion, phase four economic relief package. Dubbed “The HEROES Act”, The Health and Economic Recovery Omnibus Emergency Solutions Act…
read more The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers. To recap, the SBA’s recently released FAQ #31 augments the existing borrower…
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On April 9, 2020, the Federal Reserve released terms surrounding the Main Street Lending Program, part of a historic $2.3 trillion loan and liquidity package designed to aid households and small businesses, as well as state and local governments.
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