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SBA Guidance on PPP Borrowers: Transfers of Equity and Assets

USA - October 28 2020 On Friday, October 2, 2020, the Small Business Administration (“SBA”) issued a Procedural Notice setting out the required procedures for companies…

Amy Kwiatkowski, M. Katherine VanderVeen.

IRS Announces No Information Returns To Be Filed for PPP Loan Forgiveness

USA - October 5 2020 Under the Paycheck Protection Program (“PPP”) established by the CARES Act, a borrower is eligible for forgiveness of all or a portion of the…

Down with PPPs? The Continuing Saga of the Payment Protection Program

USA - June 8 2020 No good deed goes unpunished. Aimed at providing a financial lifeline during the “stay home” world of the COVID-19 pandemic, the federal government…

Peter J. Kulick.

Paycheck Protection Program Flexibility Act Modifies Paycheck Protection Program

USA - June 4 2020 On May 28, 2020, the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) was passed by the U.S. House of Representatives. On June 3, 2020…

UPDATE -- SBA Adds Guidance Regarding Necessity Certification Under the Paycheck Protection Program

USA - April 27 2020 On April 23, 2020, the Small Business Administration (“SBA”) issued additional guidance (in an update to its previously published FAQs, a current…

M. Katherine VanderVeen, Peter J. Kulick.