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The American Rescue Plan Act - Targeted Grants and Changes to the Paycheck Protection Program

USA - March 16 2021 On March 11, 2021, President Biden signed the American Rescue Plan Act into law. This legislation provides additional pandemic relief for small…

Adrianne L. Goins, Caroline Blitzer Phillips, Christopher V. Bacon.

Paycheck Protection Program: Key Changes in the December Relief Bill

USA - January 5 2021 On December 27, 2020, President Trump signed the Consolidated Appropriations Act, a consolidated government spending and coronavirus relief bill. The…

Adrianne L. Goins, Caroline Blitzer Phillips, Christopher V. Bacon.

SBA Requires Questionnaire to Evaluate Borrowers’ Certifications of Necessity for Paycheck Protection Program Loans over $2 Million

USA - November 3 2020 The Small Business Administration (“SBA”) will require lenders to issue Loan Necessity Questionnaires to borrowers to collect information for the…

Adrianne L. Goins, Caroline Blitzer Phillips.

SBA Offers Simple Forgiveness Application for Paycheck Protection Program Loans of $50,000 or Less

USA - October 13 2020 On October 8, 2020, the Small Business Administration and Treasury released a new, simpler loan forgiveness application for Paycheck Protection…

Adrianne L. Goins, Caroline Blitzer Phillips, Christopher V. Bacon.

SBA Approval Not Required for Some “Change of Ownership” Transactions Involving Paycheck Protection Program Borrowers

USA - October 9 2020 On October 2, 2020, the Small Business Administration (“SBA”) released a Procedural Notice providing guidance to lenders about transactions involving…

Adrianne L. Goins.