Due to changes to the PPP loan program contained in the Economic Aid Act, the SBA released SBA Procedural Notice 5000-20091 on February 8, 2021, which updates the SBA Procedural…

SBA released Information Notice 5000-20084 on January 27, 2021.  In accordance with the Economic Aid Act, the Notice provides for temporary changes to SBA loan programs, including higher guaranty percentages…

Section 1112 of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), which was enacted on March 27, 2020, provided payment relief to small businesses in the form…

Now that SBA has established regulations and guidance for PPP, and lenders have moved into the PPP loan forgiveness process, they are identifying some PPP compliance issues that may have…

As the COVID-19 pandemic remains a major obstacle to many small businesses, there is now another round of Paycheck Protection Program loan funding to assist struggling small businesses, including businesses…

On December 27, 2020, a new relief bill intended to provide economic support to businesses was passed into law.  This bill, entitled the Consolidated Appropriations Act 2021, establishes various programs to provide…