The Coronavirus Aid, Relief, and Security Act (“CARES Act”) will provide billions of dollars in loans and assistance to the private sector. This will include loans for payroll and operating expenses under the Paycheck Protection Program (“PPP”) and economic injury disaster loans (“EIDL”). However, companies seeking to take advantage of the relief provided under this…
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4-3-2020 UPDATE – SBA Documentation Checklist and Paycheck Protection Program Treasury Guidance Update
***** 4-3-2020 Update ***** REQUIRED DOCUMENTATION TO BE SUBMITTED IN ORDER TO OBTAIN PPP LOAN You must submit specific documentation with your PPP loan application in order to be reviewed and potentially accepted. Find the list here: Documentation List. Key Points from the U.S. Treasury Guidance Background: On April 1, 2020, the U.S. Department of the Treasury released guidance…
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Paycheck Protection Program (PPP) Application Now Available
The Paycheck Protection Program offered by the SBA - to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis is now available. Click here for more information: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
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Updated Critical Guidance from the Department of Labor on the Small Business Exemption to the Families First Coronavirus Act
The following guidance is being provided by OlenderFeldman LLP based upon the Small Business Exemption to the Families First Coronavirus Response Act (“FFCRA”), with official updated guidance provided by the U.S. Department of Labor (“DOL”). See https://www.dol.gov/agencies/whd/pandemic/ffcra-questions. This information is subject to change based upon revised guidance that may follow from the DOL and all…
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