SBA Loans / CARES Act Updates

4 08, 2020

Frequently Asked Questions (FAQs) on PPP Loan Forgiveness

August 4, 2020

SBA outlines new FAQ and Loan Forgiveness information for the Paycheck Protection Program.

27 07, 2020

The Rise in Testing Is Not Driving the Rise in U.S. Virus Cases

July 27, 2020

As coronavirus cases have surged in recent weeks, President Trump has repeatedly said the growing case count is a result of increased testing, not a worsening outbreak.

27 07, 2020

Unemployment Insurance Weekly Claims

July 27, 2020

This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims.

6 05, 2020

Paycheck Protecion Program Loans

May 6, 2020

The SBA has extended the Safe Harbor Period to return PPP funds if deemed by the company and its board as necessary to May 14th; as always we’ve advocated for intentional and deliberate discussions with your boards on any PPP that you might be applying for or taking.

1 05, 2020

Interim Final Rule

May 1, 2020

As the additional $310B was authorized under the Paycheck Protection Program (PPP) late last week additional interim final rules were put into place, clarifying that portfolio companies of private equity funds are indeed eligible to receive PPP loans. As communicated before, we stress the importance of implementing a diligent deliberation process as to how the funds will be used, confirming that you are clear of affiliation issues, and given the potential for audits carefully track the use of funds.

24 04, 2020

Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loan

April 24, 2020

It turns out that large public companies and hedge funds do not make for the best matches with that intent, and yet a good number have received tens of millions. Harvard and Princeton also received big dollars but returned allocations of government relief.

24 04, 2020

PPP 2.0: Congress, White House agree on $310B in new funding

April 24, 2020

Another week and more PPP drama. Congress and the White House approved another $310B to refill the CARES Act coffers and hoping that this second wave better matches the original congressional intent to get money into the hands of those businesses most impacted (e.g. forced to close by government directive) and those workers most impacted (in my view hourly workers).

17 04, 2020

Funding Exhausted for $350 Billion Small-Business Paycheck Protection Program

April 17, 2020

Just yesterday morning, the SBA announced that they have reached their funding limit and will not be accepting new applications for the Paycheck Protection Program. There has been a push from Congress to increase the amount available and we do anticipate this will occur shortly. We are also working with our legal team, experts and advisors who are tracking and analyzing what the case may be for applications that have already been submitted, but not yet processed, and will share that update as soon as it becomes available.

7 04, 2020

CARES Act SBA Loan Calculator

April 7, 2020

A convenient tool that helps think through how much to request from a PP loan

7 04, 2020

COVID-19 Relief Loans for Small Businesses

April 7, 2020

Small businesses adversely affected by COVID-19 may apply for special loans provided or guaranteed by the U.S. government.

3 04, 2020

How small businesses can get money from the stimulus package

April 3, 2020

Here’s how to access the $360 billion in loans and grants that the CARES Act allocates for small businesses.

1 04, 2020

How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven

April 1, 2020

It’s the best funding option to keep employees on payroll and small businesses open.

1 04, 2020

Coronavirus Emergency Lans Small Business Guide and Checklist

April 1, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn

30 03, 2020

SBA Disaster Loan –

March 30, 2020

The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.

25 03, 2020

SBA Express Loan –

March 25, 2020

This Program Guide outlines the procedures applicable to the Express Bridge Loan Pilot Program.

17 03, 2020

Unemployment Help –

March 17, 2020

The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.