New PPP Safe Harbor for Applicants with Foreign Affiliates

by Jennifer Hart | May 19, 2020 | Finance, Government

By Cary Zimmerman & Jennifer Hart The U.S. Small Business Administration (SBA) released a new Interim Final Rule Monday creating a new safe harbor for applicants with foreign affiliates whose eligibility certifications were technically incorrect. Specifically, it...

Small Business Administration Issues New PPP Guidance for Self-Employed & Partnerships

by Jennifer Hart | Apr 14, 2020 | Finance, Government

By Jennifer Hart and Kevin O’Connor The SBA issued an additional Interim Final Rule that supplemented the initial interim final rule issued by the SBA on April 2, 2020. The Rule provides guidance on eligibility for the Paycheck Protection Program for...

SBA Economic Injury Disaster Loans: Your Questions Answered

by Cary Zimmerman | Mar 20, 2020 | Finance, Government

By Cary Zimmerman As one of what will likely be several supplements to our recent article about the SBA’s Economic Injury Disaster Loan (EIDL) program, below are answers to more in-depth questions that small businesses considering applying for an EIDL may have about...

Navigating Default Risk and the Workout Process During the Coronavirus Downturn

by John Archer | Mar 18, 2020 | Finance

By John Archer and Scott Norcross As measures to contain coronavirus expand, businesses in almost every industry sector are already experiencing the ripple effects of the global pandemic. With consumers staying home and employers limiting travel, there is significant...

What Will Be the Impact of COVID-19 on Borrowers?

by Anne Corrigan | Mar 18, 2020 | Finance, Real Estate

By Anne Corrigan In addition to the substantial health concerns related to the outbreak of the coronavirus (COVID-19), the disruption of business for many companies will have a significant negative impact on cash flow and ultimately banking and financial relationships...