Jay T. Thompson | Lawyers | Articles | Jeffer Mangels Butler & Mitchel LLP

Corporate COVID Relief Bill: Changes to the Paycheck Protection Program and New Lending Terms

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Economic Aid Act”). The acts contain changes to the Paycheck Protection Program (“PPP”) that are intended to limit assistance to small businesses that need the financial support. The […]

Corporate Expansion of the Main Street Lending Program to Nonprofit Organizations

For more information on how we can help your business, visit our COVID-19 Resource Center. Expansion of the Main Street Lending Program to Nonprofit Organizations On July 17, the Federal Reserve Bank of Boston announced the expansion of the Main Street Lending Program to extend credit to nonprofit organizations such as hospitals and social service […]

Corporate and White Collar Defense & Investigations Current Trends in COVID-19 Fraud Enforcement

We live in unprecedented times. Never before in modern history has the United States voluntarily shut-down its entire national economy in order to stop a virus pandemic. Payrolls have dropped by more than 21 million workers, wiping-out a decade of job gains. New orders, production, hiring, and new exports all fell again in May. As […]

Corporate Billions in Relief Funding Added via Paycheck Protection Program and Health Care Enhancement Act, While SBA Cautions Economic Necessity Certification Requires Careful Analysis

For more information on how we can help your business, visit our COVID-19 Resource Center. Paycheck Protection Program and Health Care Enhancement Act Authorizes Additional Funding On Friday, April 24, 2020, the President signed into law a bill that authorizes several billion dollars in additional funding for the Paycheck Protection Program (PPP) and the SBA’s […]

Health Care and Labor & Employment COVID-19 Emergency Relief Bill: Implications for the Healthcare Industry

For more information on how we can help your business, visit our COVID-19 Resource Center. On Friday, the President signed the $2 trillion emergency aid bill passed by Senate earlier last week in response to the economic blow of the coronavirus outbreak. The legislation, called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is […]

Corporate COVID-19 Economic Relief Programs Update

The Paycheck Protection Loan Program The program streamlines the Small Business Administration (SBA) loan process for businesses affected by the COVID-19 outbreak. The loan is non-recourse except to the extent that the borrower uses the proceeds for a purpose not authorized under the act and no personal guaranty is required. The typical SBA requirement that […]

Corporate COVID-19 Relief Programs

Congress and the White House are currently debating the specifics of a new stimulus bill and they are expected to agree on the form of the bill this week. California businesses and their employees have been particularly affected by recent mandatory closures and safety measures imposed to help slow the spread of COVID-19, and any […]

Corporate and Mergers & Acquisitions Practical Guide with Illustrations for Internal Investors: Strategic Investment and Alliances in the United States

Jay T. Thompson co-authored a 400-page practice guide entitled, “Strategic Investment and Alliances in the United States,” for the Practical Guide with Illustrations for Internal Investors.