Senate Approves Deal to Expand PPP Small Business Loan Program

On April 21, the Senate approved $484 billion in new coronavirus aid, of which $310 billion will be used to replace the exhausted funds of the Paycheck Protection Program (“PPP”). The House of Representatives is expected to pass the bill within days, with PPP loan application processing expected to recommence as early as April 23, …

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Client Alert – State and Federal COVID-19 Small Business Loan Programs

By: Joe Hunt and Amanda Thibodeau With COVID-19 causing disruption to businesses large and small, on both the federal and state levels existing programs and new programs are being launched to assist small businesses in these difficult times.  We outline the current status of these programs below. Federal – Small Business Administration (“SBA”) Economic Injury …

Continue reading Client Alert – State and Federal COVID-19 Small Business Loan Programs