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Important PPP Clarifications on Owner-Employee Compensation Rules and Rent Forgiveness

USA - August 26 2020 With many PPP borrowers now working their way through the intricacies of the forgiveness calculations and related analysis, the SBA and Treasury…

Elizabeth S. Myers, Shannon S. Zollo

Top 3 Due Diligence Concerns for Investors in Venture Capital Transactions

USA - March 13 2019 "The single most important piece of information that investors need to understand is who owns the company. If there are any questions, that should…

PPP Part II - An Early Present to Small Businesses

USA - December 22 2020 Congress has passed the long-awaited bipartisan stimulus package on December 21, 2020 which is expected to be signed by the President. Included in…

Michael K. Krebs, John G. Loughnane, Melissa Sampson McMorrow, Stephen J. Patterson, Shannon S. Zollo

Fintech in Brief: FDIC Approves First Fintech Application for Federal Deposit Insurance

USA - February 13 2020 On February 7, all-mobile banking services startup Varo Money, Inc. (“Varo”) received the FDIC’s approval of its federal deposit insurance…

Seth P. Berman, William J. Bernat, Thomas J. Curry, Kenneth F. Ehrlich, Jeremy Halpern, Matthew D. Hanaghan, Daniel W. Hartman, Kate Henry, Meghan E. Kelly, Michael K. Krebs, Blake C. Tyler

UPDATE: A Few More Steps (and a New Calculator!) for Forgiveness - SBA Releases PPP Forgiveness Application

USA - May 18 2020 On May 15, the SBA released its standard application that borrowers must complete to receive partial or full forgiveness for loans issued pursuant to…

Jonathan M. Calla, Michael K. Krebs, Melissa Sampson McMorrow, Stephen J. Patterson, Shannon S. Zollo