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COVID-19 Stimulus Package Provides Grants for Shuttered Entertainment Industry Venues and Businesses
On December 27, 2020, the $2.3 trillion coronavirus relief stimulus package was signed into law, providing a wide range of benefits, grants, and payments for various businesses and individuals. While significant attention has been given to direct pay...
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It’s Not Nice to Pay an Invoice Twice: Payment Demands During COVID-19 by Assignees of Accounts Under UCC Section 9-406
For a printable PDF version of this article, please click here. The mail room just received a piece of unregistered first-class mail from a company you don’t recognize. The letter floats around the office for a couple of days before landing on the d...
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“First Come, First Served:” SBA Issues Critical Guidance for Payroll Protection Program Loans
The Small Business Administration (SBA) has issued an Interim Final Rule controlling how $349 billion in short-term business loans under the CARES Act will be allocated. While the SBA is seeking comments from the public, the rule is effective immedia...
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CARES Act: Loan Assistance for Small Businesses
For a printable PDF version of this article, please click here. The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a number of loan access, deferment, and forgiveness provisions of interest to small businesses (which, for purpos...
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CARES Act Expands Small Business Lending and Provides Potential Loan Forgiveness
In its current form, the CARES Act amends the Small Business Administration's (SBA) Section 7(a) loan program to encourage banks and credit unions to make small business loans under what is known as the “Paycheck Protection Program.” If passed, the A...
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