Congress has recently passed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”). It is anticipated that the President will sign the bill, at which point it will become law. This Act makes several important changes to the Paycheck...
Once a borrower has secured a loan from the Small Business Association (the “SBA”) under the Paycheck Protection Program (“PPP”), there are important things each borrower should know to help maximize the benefits of the program. This article is based on...
Last week the Federal Reserve released a preliminary term sheet regarding the Main Street Lending Program (the “MSLP”) that was authorized by the CARES Act. Under the MSLP, up to $600 billion will be made available to provide relief to...
