May 6, 2020 | Coronavirus, Coronavirus and business
On May 5, 2020 the Small Business Administration (SBA) issued additional guidance extending the date to return PPP loan funds based upon a borrower’s re-evaluation of the loan certification from May 7, 2020 to May 14, 2020. This extension essentially gives borrower’s...
May 4, 2020 | Coronavirus, Coronavirus and business
Over the past week both the Small Business Administration (SBA) and the US Treasury have made some significant “clarifications” in the Paycheck Protection Program (“PPP”) created under the CARES Act. The most important of these “clarifications” came in two separate...
Apr 28, 2020 | Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and tax law
Recent Guidance for Small Businesses Applying for PPP Loan As Congress prepares to add an additional $320 billion to the Paycheck Protection Program, which was created under the CARES Act on March 27, 2020, the Small Business Administration, in consultation with the...
Apr 25, 2020 | Coronavirus, Coronavirus and business, Coronavirus and finance law
The House approved over $480 billion in additional funding to help the program geared to keep small businesses from shuttering and their employees from going on unemployment because of the economic impacts of the coronavirus pandemic. The bill includes more than $320...
Apr 8, 2020 | Business & Corporate, Coronavirus, Coronavirus and business, Uncategorized
Force majeure is an event or effect that can neither be anticipated nor controlled, such as hurricanes and tornados which are considered to be “acts of God,” and other events like war, government regulations and epidemics. Thus, COVID-19 may be a force majeure event...
Apr 3, 2020 | Banking Law, Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and Real estate, Real Estate Law
Although many economic experts predicted that the economy may deteriorate in 2020, none of these experts could have foreseen the unprecedented impact that the coronavirus pandemic has had on the economy. In a matter of weeks, the coronavirus pandemic has caused the...
