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PPP

Paycheck Protection Program

July 9, 2020 by Catherine Nagle

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Demystifying COVID-19 Complexities and Thriving in Uncertain Times, FAQ - July 9, 2020

Additional Assistance Available: Certain SBA Loan Subsidies Under the CARES Act

June 16, 2020 by Patrick Quinn

The Bottom Line For small businesses impacted by COVID-19 looking for additional financial assistance, the CARES Act set aside $17 billion for the SBA to subsidize payments of principal, interest and fees for six months under certain existing and new SBA loans. Notably, this benefit does not apply Continue Reading

Alert - June 16, 2020

Paycheck Protection Program Flexibility Act of 2020

June 8, 2020 by Patrick Quinn

The Bottom Line The Paycheck Protection Program Flexibility Act of 2020 (the PPP Flexibility Act) was enacted on June 5, 2020. The PPP Flexibility Act provides borrowers with additional flexibility in both the amount of time and the ways in which they are able to use their PPP loan Continue Reading

Alert - June 8, 2020

Latest Guidance on Paycheck Protection Program Loan Forgiveness

May 27, 2020 by Patrick Quinn

The Bottom Line The SBA released long awaited guidance on calculating PPP loan forgiveness and the related steps involved in the forgiveness application process. While the guidance does not answer every question, after reviewing the new guidance, borrowers will be in a much better position to make Continue Reading

Alert - May 27, 2020

The Paycheck Protection Program “Necessity Certification” — The Review, Safe Harbor and Potential Penalties

May 14, 2020 by Patrick Quinn

The Bottom Line Through its update to the FAQ, the SBA provided significantly clearer guidance on which PPP applications will be subject to further review and what the ramifications will be for borrowers who the SBA determines have not made the Necessity Certification in good faith.Any borrower Continue Reading

Alert - May 14, 2020

Paycheck Protection Program and Health Care Enhancement Act to Appropriate Additional Funds for Small Business Loans

April 24, 2020 by Patrick Quinn

The Bottom Line The President signed into law the Paycheck Protection Program and Health Care Enhancement Act (the PPPHCE Act), an approximately $484 economic stimulus package in response to the COVID-19 pandemic.The PPPHCE Act replenishes the funding for the Paycheck Protection Program (PPP) and Continue Reading

Alert - April 24, 2020

Paycheck Protection Program Update & Main Street Lending Program

April 22, 2020 by Catherine Nagle

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Checklist - April 22, 2020

D+G Memorandum: Coronavirus Aid, Relief and Economic Security Act (the CARES Act)

April 1, 2020 by Catherine Nagle

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Publication - April 1, 2020

Coronavirus Aid, Relief and Economic Security Act: What You Need to Know

April 1, 2020 by Patrick Quinn

Update Since this alert was first published there have been updates to the Paycheck Protection Program addressing what the new program covers and how small businesses can participate. To review the latest information, please consult our COVID-19 Paycheck Protection Program Updates FAQs. The Continue Reading

Alert - April 1, 2020

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