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Articles by Roger Iorio
SBA Releases Guidance On Paycheck Protection Program 2.0 | JD Supra
On January 8, 2021, the U.S. Small Business Administration (“SBA”), in consultation with the Department of Treasury, announced the re-opening of the Paycheck Protection Program (“PPP”) to first-time borrowers and certain existing borrowers.
Federal Reserve Expands The Main Street Lending Program | JD Supra
The Federal Reserve recently expanded its Main Street Lending Program (the “Program”) to three separate loan facilities: the Main Street New Loan Facility, the Main Street Priority Loan Facility and the Main Street Expanded Loan Facility (each, a “MSLP Facility” and collectively, the “MSLP Facilities”). The MSLP Facilities are aimed at providing up to $600 billion of additional liquidity to eligible mid-sized business enterprises.
Federal Reserve Expands the Main Street Lending Program
The Federal Reserve recently expanded its Main Street Lending Program (the “Program”) to three separate loan facilities: the Main Street New Loan Facility, the Main Street Priority Loan Facility and the Main Street Expanded Loan Facility (each, a “MSLP Facility” and collectively, the “MSLP Facilities”). The MSLP Facilities are aimed at providing up to $600 billion of additional liquidity to eligible mid-sized business enterprises.
COVID-19 Alert: Paycheck Protection Program Flexibility Act of 2020
On June 5, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”), a bipartisan measure aimed at providing additional flexibility and extended relief to small business borrowers under the Paycheck Protection Program (“PPP”).
COVID-19 Alert – SBA Releases PPP Loan Forgiveness Application And Related Guidance | JD Supra
On Friday, May 15, 2020, the Small Business Administration (“SBA”) released the Paycheck Protection Program Loan Forgiveness Application (the “Application”) and instructions (the “Instructions”), which, together with applicable rules, will govern loan forgiveness under the Paycheck Protection Program (“PPP”).
COVID-19 Alert – SBA Releases PPP Loan Forgiveness Application and Related Guidance | LexBlog
On Friday, May 15, 2020, the Small Business Administration (“SBA”) released the Paycheck Protection Program Loan Forgiveness Application (the “Application”) and instructions (the “Instructions”), which, together with applicable rules, will govern loan forgiveness under the Paycheck Protection Program (“PPP”).
COVID-19 Alert – SBA Extends Safe Harbor Deadline To May 18, 2020 | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
COVID-19 Alert – Updated Guidance On The Good Faith Certification | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
COVID-19 Alert – SBA Extends Safe Harbor Deadline to May 18, 2020 | LexBlog
The Small Business Administration (“SBA”) has further updated its Frequently Asked Questions (“FAQs”) regarding implementation of the Paycheck Protection Program (“PPP”), to extend the repayment date for purposes of the safe harbor set forth in prior SBA guidance.
COVID-19 Alert – Updated Guidance on the Good Faith Certification | LexBlog
On May 13, 2020, the Small Business Administration (“SBA”), in consultation with the Department of Treasury, updated its Frequently Asked Questions (“FAQs”) regarding implementation of the Paycheck Protection Program (“PPP”), to specifically address the required good-faith certification with respect to an applicant’s economic necessity for PPP funds.
Additional Guidance Re: Paycheck Protection Program | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Releases Paycheck Protection Program FAQs | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Releases Paycheck Protection Program FAQs
On April 23, 2020, the Small Business Administration (“SBA”), in consultation with the Department of Treasury, released supplemental guidance in the form of Frequently Asked Questions (“FAQs”) with respect to the implementation of the Paycheck Protection Program (“PPP”).
Alert – Federal Reserve Launches Main Street Lending Program and Other Mid-Sized Business Assistance | LexBlog
As small businesses attempt to navigate the Paycheck Protection Program and other available federal relief, mid-sized businesses have awaited guidance on the Main Street Lending Program (the “Program”) and related corporate assistance programs targeted to mid-sized business enterprises, as initially proposed under the CARES Act (the “Act”).
SBA Issues Frequently Asked Questions Regarding Paycheck Protection Program Loans | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Issues Frequently Asked Questions Regarding Paycheck Protection Program Loans
On April 6th, the Small Business Administration (“SBA”), in consultation with the Treasury Department, released Frequently Asked Questions (“FAQs”) designed to address borrower and lender questions around the implementation of the Paycheck Protection Program (the “PPP”) under the CARES Act.
SBA Issues Additional Guidance On Affiliation Rules | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Issues Additional Guidance on Affiliation Rules
In connection with the relief being offered to small businesses as a result of the impact of COVID-19, the CARES Act has modified certain provisions of the Small Business Administration’s (“SBA”) size and affiliation regulations to expand accessibility to qualified applicants. Typically, in order to be eligible for an SBA loan, the size of the applicant’s business (based on either the number of employees or annual receipts) determines eligibility.
SBA Issues Guidance Regarding Implementation of the Paycheck Protection Program
The Small Business Administration (“SBA”) has released Interim Final Rules (“Rules”) regarding implementation of the Paycheck Protection Program (“PPP”) under the CARES Act. These Rules are intended to provide guidance to both borrowers and lenders in interpreting the provisions of the PPP. This Alert provides a high-level overview of the Rules, and in certain instances highlights differences from the CARES Act and other preliminary guidance that was previously issued by the SBA. Who is eligible?
COVID-19 Alert: Coronavirus Aid, Relief, and Economic Security Act
After protracted negotiations, Congress has reached an agreement with respect to the Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act (the “Act”), an unprecedented stimulus package aimed at combating the economic impact of COVID-19 on American businesses, individuals and families.
COVID-19 Alert: New York City Offers Small Business Assistance | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
COVID-19 Alert: New York City Offers Small Business Assistance
As COVID-19 continues to negatively affect commerce around the country, there are different programs available to help businesses in need. In addition to the Small Business Association’s recent expansion of its Economic Disaster Loan Program (click here for more information regarding that program), there is also relief available to small businesses located in New York City.
SBA Expands Disaster Loan Program For Small Businesses Impacted By COVID-19 | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Expands Disaster Loan Program for Small Businesses Impacted by COVID-19
In an effort to assist small businesses impacted by the Coronavirus, the Small Business Association (SBA) has recently expanded access to its Economic Injury Disaster Loan program for small businesses and private nonprofit organizations. Under the revised criteria, disaster assistance loans are now available for small businesses in every state.
COVID-19 Alert: Key Considerations For Businesses | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
COVID-19 Alert: Key Considerations for Businesses
In this communication, we have highlighted certain measures that businesses should consider in connection with the impacts of COVID-19, also known as the coronavirus. Although there is not one plan that fits every business, businesses are encouraged to review these and other matters that impact them or their industry, as well as to take steps now to proactively address the potential impacts of the unprecedented coronavirus.
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