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Corporate

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 […]

Corporate Client Alert: Further Paycheck Protection Program Update

For more information on how we can help your business, visit our COVID-19 Resource Center. On April 2, 2020, the Treasury Department published several updates to the Paycheck Protection Program (PPP) on its website. Among those listed are the revised guidance for borrowers, an updated Borrower Application Form, and an Interim Final Rule from the […]

Corporate Paycheck Protection Program Update

Since our last client alert on economic relief programs, the Treasury Department has issued additional guidance relating to the Paycheck Protection Program (including a sample PPP application, found here) and the new federal/Treasury loan program. To view the documents and guidance provided on the Treasury’s site, please click here. Of note from the guidance 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 […]