Federal Reserve Bank Unveils $2.3 Trillion Plan to Bolster Economy

By: Matthew L. Mitchell On April 9, the Federal Reserve announced an expansive relief strategy to aid small and mid-sized businesses and municipalities with plans to develop $2.3 trillion in economy-boosting programs. Within this plan, the Fed also announced an intent to fund new and expanded “Main Street Lending Facilities”, a program designed to provide …

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Best Practices Before Applying For a PPP Loan: Board of Directors Meeting

Many small businesses in the United States are considering applying for a Paycheck Protection Program (“PPP”) loan. The PPP loans have certain eligibility requirements and require the applicants to make certain certifications on the application. In order for a company to be certain that it is eligible, and that applying for a PPP loan is …

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Employment Law Alert: Congress Adopts Emergency Paid Family Medical Leave and Sick Time Standards; Client Alert: State and Federal COVID-19 Small Business Loan Programs

Morse Attorneys Matthew Mitchell, Joe Hunt, and Amanda Thibodeau shared two important updates regarding new laws that apply to private-sector employers and employees affected by Coronavirus, as well as the launch of new programs to assist small businesses struggling during the COVID-19 outbreak. The first update discusses how President Trump signed into law the Families First …

Continue reading Employment Law Alert: Congress Adopts Emergency Paid Family Medical Leave and Sick Time Standards; Client Alert: State and Federal COVID-19 Small Business Loan Programs