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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 […]

Corporate The Main Street Lending Program: A Potential Financing Option Intended for Small and Mid-Sized Companies

For more information on how we can help your business, visit our COVID-19 Resource Center. On Thursday, April 9, 2020, the Treasury and the Federal Reserve announced the details of a Main Street Lending Program authorized by the CARES Act to help small and mid-sized businesses obtain funding of up to $600 billion. The program […]

Corporate SBA Guidance Confirms Affiliation Rules Apply Under the Paycheck Protection Program

For more information on how we can help your business, visit our COVID-19 Resource Center. Last Friday, the SBA issued an Interim Final Rule and additional guidance on the SBA’s affiliation rules. The additional guidance clarifies that a majority of the affiliation rules typically applicable to business borrowers are also applicable in the context of […]

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 […]

Corporate, Real Estate, Taxation and Trusts & Estates Los Angeles Lawyer: Achieving True Privacy for Public Figures Through Privacy Trusts

Brad Cohen’s article “Achieving True Privacy for Public Figures Through Privacy Trusts,” was published in the May issue of Los Angeles Lawyer on May 1st, 2019.