Firm Insights

Congress Expresses Additional CARE(s) for Small Businesses Suffering Economic Injury

By Michelle F. Schwerin / April 2, 2020 / Comments Off on Congress Expresses Additional CARE(s) for Small Businesses Suffering Economic Injury

SBA’s Disaster Assistance Loan in the Age of COVID-19: “Economic Injury Declaration” by SBA Required for Missouri In a blog post we published last week, we discussed the U.S. Small Business Administration’s (the “SBA”) issued revised criteria for states (or territories) seeking an “economic injury declaration” related to COVID-19, which were released on Tuesday, March 17, 2020.…

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Businesses Should CARE(s) About This: The SBA Is Releasing New Information Regarding 7(a) Loans

By Michelle F. Schwerin / April 1, 2020 / Comments Off on Businesses Should CARE(s) About This: The SBA Is Releasing New Information Regarding 7(a) Loans

SBA: Paycheck Protection Program Late on Tuesday, March 31, 2020, the Small Business Administration (the “SBA”) updated their site with further information regarding 7(a) Loans under the Paycheck Protection Program. After the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on Friday, March 27, 2020, further guidance from the SBA was…

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CARES Act: Paycheck Protection Program Provides Small Businesses an Opportunity for Relief

By R. Thomas Avery / March 31, 2020 / Comments Off on CARES Act: Paycheck Protection Program Provides Small Businesses an Opportunity for Relief

DISCLAIMER:mPlease note this blog post relates to a different program than the “Emergency EIDL Grants” program (relating to 7(b) Economic Injury Disaster Loans) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).[/su_box] The recently passed Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) has important provisions for small businesses under what is…

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