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Paycheck Protection Program: PPP Borrowers May Need Prior SBA Approval for Change in Ownership Transactions

USA - October 9 2020 Under new guidance from the Small Business Administration (SBA) issued through a Procedural Notice (Notice) on Oct. 2, 2020, certain PPP borrowers…

Carl A. Fornaris, Bryan X. Grimaldi, Barbara A. Jones.

Paycheck Protection Program: Treasury/SBA Conform First Interim Final Rule to PPP Flexibility Act

USA - June 12 2020 On June 11, 2020, the Small Business Administration and the U.S. Department of the Treasury released their latest guidance in the form of "Paycheck…

Carl A. Fornaris, Bryan X. Grimaldi, Barbara A. Jones, Jennifer S. Zucker.

Congress Passes the PPP Flexibility Act

USA - June 4 2020 On June 3, 2020, Congress passed the PPP Flexibility Act to loosen requirements for loan forgiveness for CARES Act Paycheck Protection Program (PPP)…

Carl A. Fornaris, Barbara A. Jones, Marvin A. Kirsner, Robert Mangas, Emily M. Wassermann.

PPP Loan Forgiveness: What the Latest Guidance Means for You

USA - May 27 2020 On May 22, the Small Business Administration and the Treasury Department released its latest guidance in the form of two interim final rules on loan…

Carl A. Fornaris, Barbara A. Jones, Jennifer S. Zucker.

Federal Reserve Releases New Information on the TALF

USA - May 18 2020 On May 12, 2020, the Board of Governors of the Federal Reserve System (the Federal Reserve) announced additional information and FAQs on its Term…

Carl A. Fornaris, Barbara A. Jones, Emily M. Wassermann.