The Small Business Administration (SBA) issued two Interim Final Rules on Friday, May 22, 2020.
read moreThe 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…
read moreOn 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 moreThe 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…
read moreOn 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.
read moreOn April 30, 2020, the Internal Revenue Service (IRS) released Notice 2020-32, providing clarity surrounding the federal tax implications of funds received under the Paycheck Protection Program (PPP). Specifically, the…
read moreIn a continuing effort to clarify the questions and uncertainties surrounding the Payroll Protection Program (PPP), the SBA issued another set of FAQs on Thursday, April 23, 2020.
read moreThe President signed the “Paycheck Protection Program and Health Care Enhancement Act” on April 24, 2020. The Act dubbed as “CARES 2” provides for additional funding to the tune of…
read moreThe COVID-19 pandemic has created much uncertainty related to the future cash flow of businesses, their ability to pay debt obligations, and even their survival. However, from another perspective, this…
read moreOn April 9th, the Federal Reserve committed an additional $2.3 trillion in funds to further stimulate the economy as we continue to battle the COVID-19 pandemic. Aimed primarily at households…
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