Main Street Lending Program: Federal Reserve, Treasury Department Create New Lending Facility, Release Updated Program Terms and FAQ’s

Main Street Lending Program: Federal Reserve, Treasury Department Create New Lending Facility, Release Updated Program Terms and FAQ’s May 21, 2020   This Client Alert relating to the Main Street Lending Program (the “MSLP”) has been updated to incorporate new guidance released by the Federal Reserve on April 30, 2020, copies of which can be […]

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CARES Act: Frequently Asked Questions and Answers

Click to Go to Answer: When can my business submit an application for an SBA 7(a) loan from the Paycheck Protection Program? For purposes of calculating “payroll costs,” should a business include compensation paid to independent contractors? Is a portfolio company of a venture capital or private equity fund eligible to receive a PPP Loan?

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Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19

Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19 Apr 1, 2020 Image Source – Shutterstock The impact of COVID-19 has affected everyone in the United States.  In response to the widespread economic consequences suffered by small businesses and their employees, the federal government and state and local governments have taken measures to

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DOL Updates Guidance on Families First Coronavirus Response Act

In the days since the Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020, employers and advocacy groups have raised a number of questions about how the law will be interpreted and enforced.  With surprising speed, the U.S. Department of Labor, which is responsible for enforcing the law, has issued

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