On July 30, 2020, Governor Evers signed Emergency Order #1 (the “Order”). The Order is effective August 1, 2020 and expires September 28, 2020, unless…
FOSAugust 4, 2020
In good news for businesses, President Trump on Saturday signed legislation extending the deadline to apply for Paycheck Protection Program (PPP) loans to August 8,…
FOSJuly 6, 2020
To help individuals withstand the financial challenges of the COVID-19 pandemic, the CARES Act allows individuals impacted by the pandemic to take up to $100,000…
FOSJune 25, 2020
As of June 16, 2020, potentially forgivable loans of over $512 billion have been issued under the loan program known as the Paycheck Protection Program…
Jacob A. ManianJune 19, 2020
Recent revisions to the CARES Act allow borrowers to elect to expand the covered period during which Paycheck Protection Program (PPP) loan proceeds must be…
FOSJune 19, 2020
The SBA and Treasury Department today announced the release of two Paycheck Protection Program (PPP) loan forgiveness applications—one revised and one new—which are intended to…
FOSJune 17, 2020
On June 3, 2020, the Senate passed the House version of the Paycheck Protection Program Flexibility Act of 2020 (the “Act”). The Act makes important…
FOSJune 4, 2020
On May 22, 2020, the SBA issued two new Interim Final Rules relating to Paycheck Protection Program (“PPP”) loan forgiveness, one rule with guidance for…
FOSMay 27, 2020
A critical aspect of the PPP Loan program is the promised tax-free forgiveness of loans used for specific payroll and operating expenses. On Friday, May…
FOSMay 16, 2020