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Corporate

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 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 […]