Our previous articles summarized the new Paycheck Protection Program (“PPP”) created under the Federal CARES Act: CARES Act: Loan Applications and CARES Act: Paycheck Protection Program Loans

This client alert provides new information regarding a key aspect of the PPP program, namely the criteria which must be met to have repayment of all or part of a PPP loan forgiven. This is simply a summary of some key points, so check with your attorney at ECJ for the critical details governing PPP loan forgiveness.

The Treasury Department has published an application form for loan ...

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law, and it includes significant relief provisions for small businesses. Our previous articles summarized the new Paycheck Protection Program (“PPP”) and the expansion of the Economic Injury Disaster Loan (“EIDL”) Program. 

This client alert provides new information regarding PPP loan and EIDL applications. Given this subject’s urgency and the complexity of the CARES Act, this is simply a short summary to provide you a starting point for exploring relief which ...

On March 6, 2020, Congress passed an act deeming the COVID-19 pandemic a disaster eligible for the SBA’s Economic Injury Disaster Loan (“EIDL”) Program.  On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law, providing significant relief provisions for small businesses, including user-friendly modifications to the EIDL Program.   

This client alert briefly summarizes certain provisions which greatly expand, for the period between January 31 and December 31, 2020 (the “Covered Period”), the number of ...

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on March 27, 2020, provides significant relief provisions for small businesses. This client alert briefly summarizes certain provisions of a newly-created loan program—the “Paycheck Protection Program”—which may help your business weather this storm. Given this subject’s urgency and the complexity of the Act, this is simply a short summary to provide you a starting point for exploring relief which may be available to you. Check with your attorney at ECJ for the critical details ...