New PPP Guidance Regarding Business Ownership Changes

Under new Small Business Administration (SBA) guidance, certain Paycheck Protection Program (PPP) borrowers might face new requirements. The SBA Procedural Notice (Notice) provides information concerning changes of ownership transactions for entities that received PPP funding. Notably, the Notice addresses a change in ownership interest of the PPP borrower (borrower) itself. It does not specifically address […]

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Updated Paycheck Protection Program Guidance Released

On August 11th, 2020, the U.S. Small Business Administration (SBA) and United States Treasury issued joint guidance answering some questions that employers have had recently on specific coronavirus measures including the federal Paycheck Protection Program (PPP). This resource builds upon guidance previously released in April 2020, and then later updated on August 4th. ¬†Updated FAQ […]

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UPDATED: $484 Billion Stimulus Package Signed Into Law

On April 24th , President Donald J. Trump approved a new stimulus relief package that includes hundreds of billions of dollars in new funding for small businesses hurt by the coronavirus outbreak. The $484 billion package also includes monies for hospitals and expanded COVID-19 testing. This proposed bill comes after the passage of a $2 […]

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