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Requirements for CARES Act PPP
The SBA published new guidance for the Paycheck Protection Program on April 23rd. To no one’s surprise given the press around the first wave of the loans, the SBA ratcheted up the certification requirements for these loans. In a PPP loan application, a borrower needs to certify that the “current economic uncertainty makes this loan
Virginia Supreme Court Richmond VA
On April 22, 2020, the Virginia Supreme Court issued its Third Order Extending Declaration of Judicial Emergency in Response to COVID-19 Emergency through May 17, 2020. Under this extended order, which affects all Circuit Courts and General District Courts in the Commonwealth of Virginia, the courts have suspended all statute of limitations and case-related deadlines
U.S. Capital where the CARES Act was put into law
NOTE: more information on this subject is also available in this recording of an interactive session with government contractors about these provisions. You May be Eligible for Reimbursement for Paid Leave Now that the dust has settled on the Paycheck Protection Program (which is also just about out of funding), it is time to look
Main Street Lending Option
On April 9, the Department of Treasury and the Federal Reserve published the regulations governing the Main Street Lending Program. This program is funded under the CARES Act and is designed to support small and mid-sized businesses who did not qualify for the Paycheck Protection Program (“PPP”). However, this program may also be available to
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