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COVID-19: SBA Releases Guidance for PPP Flexibility Act

By: Emerson L. Dorsey
June 22, 2020
The Small Business Administration (“SBA”) and the Department of the Treasury released guidance on June 11, 2020 in the form of “Paycheck Protection Program (“PPP”) – Revisions to First Interim Final Rule” with subsequent revisions through June 19, 2020 (collectively, the “Revised Rul... Read more >
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Survival Strategies for DBEs in the Age of COVID

By: Franklin M. Lee
June 20, 2020
Franklin M. Lee discusses the business strategies for disadvantaged business enterprises in “Survival Strategies for DBEs in the Age of COVID,” an article that first appeared in the June 2020 edition of American DBE Magazine. ... Read more >
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COVID-19: PPP Flexibility Act of 2020 Eases PPP Burdens

By: Emerson L. Dorsey
June 8, 2020
The bipartisan Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”) became law on June 5, 2020, as an attempt to ease some of the burdens placed on businesses that received loans under the Paycheck Protection Program (“PPP”) enacted in March as part of the CARES Act.&n... Read more >
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COVID-19: Executive Orders Affecting Health Care Providers

By: Lauren Ellison Poster
May 18, 2020
In the March 16, 2020 Executive Order, Governor Hogan adopted various policies impacting healthcare facilities and providers in some of the initial steps towards flattening the curve of COVID-19 cases among Maryland residents. COVID-19 Facilities and Assets This Executive Order established tha... Read more >
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COVID-19: New Guidance on Liquidity Requirements for PPP Loans

By: Barry Weiskopf and Lauren Ellison Poster
May 13, 2020
On April 29, 2020, the SBA released guidance addressing whether businesses owned by private companies with adequate sources of liquidity to support the business’ ongoing operations qualify for a Paycheck Protection Program (“PPP”) loan.  In its guidance, the SBA stated that businesses tha... Read more >
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COVID-19: Major Mid-Stream Changes to the Paycheck Protection Program

By: Lauren Ellison Poster and Barry Weiskopf
May 5, 2020
The Small Business Administration (SBA), the U.S. Department of the Treasury (“Treasury”), and the Internal Revenue Service (“IRS”) continue to provide guidance regarding how they will administer, oversee, and treat loans issued in connection with the Paycheck Protection Program (PPP), some ... Read more >
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COVID-19: Force Majeure Clauses and What They Mean to You

By: Lauren Ellison Poster
April 24, 2020
As businesses strive to stay afloat in the midst of the COVID-19 pandemic, many businesses are looking to existing contractual obligations to determine how and when they will be required to perform, and what they will be on the hook for in the event they are unable to do so. Force majeure clauses... Read more >