Drew Eckl Farnham
COVID-19 Legal Updates

SBA and the Department of Treasury Issue New Guidance Regarding Eligibility for Loans Under the Paycheck Protection Program

May 06, 2020 BY | Corporate and Transactional

On April 29, 2020, the SBA and the Department of Treasury (DOT) published the last in a series of new guidance regarding the certification of "necessity" a company makes on its application for a loan under the Paycheck Protection Program (PPP) of the Cares Act. ... Continue Reading

Shell Talk 080: How To Get Through Crises Legally, Financially, and Emotionally

April 13, 2020 BY | Corporate and Transactional

In the first of a series of online Shell Talks, Juliana Neelbauer will be discussing her experiences managing her business through a recession and beyond. ... Continue Reading

SBA ADOPTS PAYCHECK PROTECTION PROGRAM INTERIM FINAL RULE

April 07, 2020 BY | Corporate and Transactional

On April 2, 2020, the Small Business Administration (SBA) issued an interim final rule (Rule) applicable to sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). As addressed in a prior Drew, Eckl & Farnham memorandum, Section 1102 of the Act temporarily adds the Paycheck Protection Program (PPP) to the U.S. Small Business Administration's (SBA's) 7(a) Loan Program, and Section 1106 of the Act provides for forgiveness of up to the full principal amount of loans guaranteed under the Paycheck Protection Program. The Rule outlines key provisions of SBA's implementation of sections 1102 and 1106 of the Act and provides additional guidance for lenders and borrowers. ... Continue Reading

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