Earlier this month, the Small Business Administration (“SBA”) announced changes to its COVID Economic Injury Disaster Loan Program (“COVID EIDL”).…
Client Alert – SBA Unveils Restaurant Revitalization Fund Application Portal – April 28, 2021
On April 27, 2021, the Small Business Administration (“SBA”) hosted a webinar in which it provided information concerning the Restaurant…
Client Alert – U.S. Congress Passes American Rescue Plan, Which Includes Grant Program for Restaurants – March 10, 2021
Earlier today, the House of Representatives approved the Senate’s version of the $1.9 trillion American Rescue Plan, which includes a…
Client Alert – January 14, 2021: SBA to Open PPP Portals Tomorrow and Tuesday
The Small Business Administration has announced that it will open its Paycheck Protection Program (“PPP”) loan portal to eligible lenders…
Client Alert: Small Business Administration Releases Guidance on First Draw and Second Draw PPP Loans – January 11, 2021
On January 8, 2021, the Small Business Administration (SBA) released a series of documents relating to the Paycheck Protection Program…
Client Alert: IRS Guidance Confirms Non-Deductibility of Expenses Paid With PPP Loans Yet to Be Forgiven – November 20, 2020
On November 18, 2020, the IRS issued guidance to confirm its position that no deductions can be taken for expenses…
Webinar: Private Equity – Dry Powder and Portfolio Optimization During a Global Pandemic
In a year that began with robust middle-market M&A activity that was effectively halted by an unprecedented global pandemic, potential…
Client Alert: SBA Releases Additional Interim Final Rule Regarding Forgiveness Qualifications Under the PPP – August 28, 2020
On August 24, the Small Business Administration released an additional interim final rule regarding forgiveness qualifications under the Payment Protection…
Client Alert: SBA releases updated guidance for the loan forgiveness process under the PPP – August 14, 2020
Late on August 11, the Small Business Administration (“SBA”) released updated guidance for the loan forgiveness process under the Payment…
Client Alert: Lease Obligations During Bankruptcy Proceedings: Recent Noteworthy Court Decisions – July 3, 2020
The COVID pandemic has given rise to efforts by lessees of retail space to seek to defer rent payments in…