Phase 4: Illinois Cautiously Resumes Indoor DiningandLegal Considerations for Leases and Joint Venture Agreements in a Post-COVID World Background: As of June 26, Illinois has moved into Phase 4 of the “Restore Illinois” Plan. During Phase 4, restaurants are allowed...
Chicago Restaurants in the Age of COVID-19: A New Frontier On May 5, 2020, Governor J.B. Pritzker released “Restore Illinois”, a 5-step public health plan for re-opening Illinois (the “Plan”). The Plan clearly is of considerable interest to our restaurant and...
Main Street Lending Program: Federal Reserve, Treasury Department Create New Lending Facility, Release Updated Program Terms and FAQ’s This Client Alert relating to the Main Street Lending Program (the “MSLP”) has been updated to incorporate new guidance released by...
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...
Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19 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...
