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The SBA Is Accepting New CARES Act Applications; Can Businesses Apply For More Than One Loan?
Category: Banking, Business, Coronavirus (COVID-19)
The President signed the Paycheck Protection Program and Health Care Enhancement Act into law on April 24, 2020, injecting an additional $484 billion in aid to supplement the SBA business loan programs created under the CARES Act. In particular, the new Act dedicated the following SBA funds: An…
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COVID-19 Guidance for Texas Businesses
Category: Business, Coronavirus (COVID-19)
In response to the COVID-19 pandemic, the Texas Governor’s Business and Community Development Division has published helpful frequently asked questions for local small businesses and community economic development partners to address issues such as tax payment, employer inquiries including…
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Three Ways the CARES Act Helps Nonprofit Organizations Deal with COVID-19 Fallout
Category: Business, Coronavirus (COVID-19)
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law. The Act includes several provisions that benefit qualified nonprofit organizations, including the Paycheck Protection Program, Economic Injury Disaster Loans (EIDL), and an…
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COVID-19 UPDATE: SBA Issues Updated Lender and Borrower PPP FAQs
Category: Banking, Business, Coronavirus (COVID-19)
The Paycheck Protection Program (the “PPP”) established under the Coronavirus Aid, Relief and Economic Security (CARES) Act authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. We have published information on PPP here. The U.S…
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Keeping Your Distance: New Social Distance Requirements for Arkansas Businesses
Category: Business, Coronavirus (COVID-19)
Arkansas Governor Asa Hutchinson, by Executive Order 20-13, as part of his COVID-19 response, has mandated new social distancing protocols for all businesses, construction companies, and places of worship operating in Arkansas. The new requirements, which were effective on April 6, 2020, include…
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