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The Economic Aid Act: Changes to the PPP for New First Draw Loans and the Availability of Second Draw Loans

USA - February 2 2021 On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act or EAA) (Pub. L. 116-260) became…

Arash Aminpour, Carrie E. Byrnes, Alexander M. DeGuire, Alexander P. Fraser, Sarah C. Helton, Vincent M. Morrone, Martin P. Tierney.

Paycheck Protection Program: SBA Questionnaires and Decisions Requiring the Release of All Names of PPP Borrowers

USA - November 10 2020 Material developments have recently taken place in relation to PPP loans. The first is the issuance of questionnaires relevant to PPP borrowers with…

Denise A. Bode, Sarah C. Helton, Gregory J. Lynch, Vincent M. Morrone, Joseph Louis Olson, Ben Roxborough, Martin P. Tierney.

Part II - How much of My Business’s Information Will Become Public as a Result of My Use of the Paycheck Protection Program (PPP)?

USA - July 22 2020 Since we initially addressed the issue on April 28, 2020, the protection of confidential information—submitted to the Small Business Administration…

Gregory J. Lynch, Ben Roxborough, Martin P. Tierney.

[Important Updates]: The President Signs PPP Reform Bill: Loosening PPP Use and Forgiveness Standards and Expands Payroll Tax Deferral

USA - June 15 2020 Today, June 5, 2020, the President signed into law H.R.7010 that extends and modifies provisions of the Paycheck Protection Program (PPP). The…

Carrie E. Byrnes, Alexander P. Fraser, Sarah C. Helton, Gregory J. Lynch, Vincent M. Morrone, Martin P. Tierney.

SBA Releases Forgiveness Application - Providing De Facto Guidance

USA - May 19 2020 On May 15th the Small Business Administration (SBA) released a form application for forgiveness of an outstanding loan under the Paycheck Protection…

Carrie E. Byrnes, David M. DiGiacomo, Benjamin T. Johnson, Gregory J. Lynch, Vincent M. Morrone, Martin P. Tierney.