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SBA Issues Rule Setting Forth Procedure to Appeal Denial of a PPP Loan Forgiveness Application

USA - September 9 2020 On August 25, 2020, the United States Small Business Administration (“SBA”) issued a new interim final rule to establish procedure for appealing a…

Jonathan M. Boulahanis, W. Kent Carter, Tyler Duff

Securities and Exchange Commission Amends the “Accredited Investor” Definition

USA - September 9 2020 The Securities and Exchange Commission ("SEC") adopted final rules that revise the accredited investor exemption in Rule 501(a), Rule 215, and Rule…

Lawrence Cohen

SBA Issues Procedural Notice Setting Forth Lender Procedures for Submission of Loan Forgiveness Applications

USA - September 9 2020 On July 23, 2020, the United States Small Business Administration (“SBA”) issued a Procedural Notice to inform lenders of the process for submitting…

Jonathan M. Boulahanis, W. Kent Carter, Tyler Duff

PPP Loan Forgiveness - SBA Updates FAQs to Clarify Forgiveness Rules

USA - August 19 2020 On August 11, 2020, the United States Small Business Administration (“SBA”) updated its Frequently Asked Questions regarding forgiveness of loans…

Jonathan M. Boulahanis, W. Kent Carter, Tyler Duff

Fed Expands Main Street Lending Program to Expand Eligibility and Encourage Borrowing and Lending

USA - June 11 2020 On June 8, 2020, the Federal Reserve Board (“Fed”) expanded its $600 billion Main Street Business Lending (“MSBL” or “Main Street”) program…

Jonathan M. Boulahanis, W. Kent Carter, Tyler Duff