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Highlights from the SBA’s further guidance on PPP loan forgiveness

USA - July 24 2020 The Small Business Administration (“SBA”) recently published revised Paycheck Protection Program (“PPP”) loan forgiveness applications, including an…

Edward J. Buchholz, Sean Crowley, Taylor Curtis, Kristen Greenberg, David Kaufman.

Congress relaxes Paycheck Protection Program rules

USA - June 11 2020 In response to widespread concern from the business community around the popular Paycheck Protection Program (the “PPP”), the Paycheck Protection…

Edward J. Buchholz, Sean Crowley, Taylor Curtis, Kristen Greenberg, David Kaufman.

Effect of “forgiven” PPP loan on the deductibility of covered expenses

USA - May 7 2020 One of the principal benefits of the Paycheck Protection Program (“PPP”) is that the principal and interest from any loan forgiven is not includable…

Edward J. Buchholz, Sean Crowley, Taylor Curtis, Kristen Greenberg, David Kaufman, Rick Lawton, Nathan Viehl.

CARES Act provides relief for small businesses through SBA loans and programs

USA - April 3 2020 The CARES Act has given funding and authority to the Small Business Administration (SBA) to help small business through three new programs: Paycheck…

Halpin J. Burke, Kristen Greenberg, Spenser Owens, Jennifer R. Price, Sarah Rowan.

The impact of COVID-19 on MAC clauses and lending transactions: A lender’s perspective

USA - March 27 2020 To mitigate the financial fall-out of the COVID-19 pandemic, many lenders are reviewing their existing loan portfolios, assessing their obligations…

Arnold MacEbong.