by Kelsey Barcomb | May 11, 2020
Background On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”) into law. The Paycheck Protection Program (the “PPP”), one of the CARES Act’s featured relief programs, is a loan guarantee program...
by Kelsey Barcomb | May 1, 2020
On April 30, 2020, the U.S. Small Business Administration (“SBA”) released an Interim Final Rule (the “IFR”) that, among other things, limits the amount of Paycheck Protection Program (“PPP”) loans that any single “corporate group” may receive to an aggregate of...
by Kelsey Barcomb | Apr 30, 2020
Background On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “Cares Act”) into law. The Paycheck Protection Program (the “PPP”), one of the CARES Act’s featured relief programs, is a loan guarantee program...
by Kelsey Barcomb | Apr 28, 2020
On Monday, April 27, 2020, the U.S. Treasury and SBA released the Interim Final Rule on Additional Criterion for Seasonal Employers (the “April 27 Guidance”). The April 27 Guidance expands the time period at which seasonal employers can look in order to (i) calculate...
by Kelsey Barcomb | Apr 22, 2020
Private equity- and venture capital- backed businesses who are sorting through Paycheck Protection Plan eligibility requirements should be sure to check if any of their lenders or investors is a Small Business Investment Company (an “SBIC”). Companies who have...
