April 20, 2020 Update – CARES Act Loan Programs for Businesses
KEEPING YOU INFORMED… On April 14th, the U.S. Small Business Administration (the “SBA”) issued an interim final rule on the Paycheck Protection Program (“PPP”) as authorized by the CARES Act. You can find the interim final rule at: https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf. Although the SBA has indicated that the funds available...