by Cary Zimmerman | May 14, 2020 | Finance, Government
By Cary Zimmerman & Demetrius Robinson “Missing” Partnership Compensation On Wednesday, May 13, 2020 the Small Business Administration (SBA) published a new interim final rule to clarify that any borrower that received a Paycheck Protection Program (PPP) loan...
by Cary Zimmerman | May 12, 2020 | Finance, Government
By Cary Zimmerman and Alex Jones The Paycheck Protection Program (PPP) – the program created under Section 1102 of the CARES Act to offer small businesses forgivable loans – has made headlines since its creation. At first, the program’s funds dried up before reaching...
by Cary Zimmerman | May 5, 2020 | Finance, Government
By Cary Zimmerman & Stephanie Mercado Mayor Frank Jackson has unveiled the City of Cleveland’s plan for recovery in response to the COVID-19 pandemic. Using its own resources and funds obtained through the CARES Act, the City aims to: (1) continue to implement...
by Cary Zimmerman | May 1, 2020 | Finance, Government
By Cary Zimmerman & Demetrius Robinson The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) – which provides low-interest, forgivable loans to small businesses – has received considerable attention for its unprecedented size and for...
by Cary Zimmerman | Apr 30, 2020 | Finance, Government
By Christopher Hubbert & Cary Zimmerman There has been widespread outrage directed at large publicly traded companies that took loans under the Paycheck Protection Program (PPP) intended to help smaller companies struggling with the pandemic. The controversy only...