by Demetrius Robinson | May 6, 2020 | Finance, Government
By Demetrius Robinson & Kevin O’Connor [5/13/2020 UPDATE: The SBA has issued new FAQ #47 extending the repayment date for the safe harbor to May 18, 2020] The SBA, in consultation with the Treasury Department, has extended the safe harbor date – created to...
by Kate Hickner | Apr 22, 2020 | Finance, Government
By Kate Hickner Despite unprecedented federal appropriations and stimulus activity, businesses across the country are struggling to survive the economic crisis caused by the coronavirus pandemic. As expected, the federal government took important action on Tuesday to...
by Justine Konicki | Apr 21, 2020 | Finance, Government
By Justine Lara Konicki & Peggy Beistel [UPDATED 4/23/2020 @ 6:20 p.m.] In a 388-5 vote, the House has passed expanded funding for the SBA’s Paycheck Protection Program. The $484 billion relief package would replenish the PPP small-business loan program,...
by Cary Zimmerman | Apr 15, 2020 | Finance, Government
By Cary Zimmerman While the SBA’s new Paycheck Protection Program (PPP) only recently launched, with many borrowers already receiving approvals and the earliest applicants now starting to receive disbursements, it isn’t too early to think about what steps you should...
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...