On May 15, 2020, the Small Business Administration (SBA) and Department of Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application and I...
Wellton Int’l Express v. Bank of China (Hong Kong), 2020 U.S. Dist. LEXIS 59224 (S.D.N.Y. April 3, 2020) Click here for Decision Targoff v. Wells Fargo Bank, N.A., 2...
The Federal Reserve announced on April 30 that it is expanding the scope and eligibility of the Main Street Lending Program (MSLP). Prior to yesterday's announcement...
Appropriations for the Paycheck Protection Program (PPP) were exhausted last week because of overwhelming demand. This week Congress passed legislation appropriating...
New York Attorney General Letitia James has issued Guidance (please see link below) on CARES Act Payments by which she announces that emergency stimulus payments of ...
The CARES Act authorized the Federal Reserve to establish a Main Street Lending Program facility to extend credit to small and midsized businesses impacted by the CO...
Lenders began accepting applications for loans pursuant to the CARES Act's (Act) Paycheck Protection Program (PPP) last Friday, April 3, 2020. Given the many questio...
The United States Department of Treasury issued guidance to both borrowers and lenders for loans to be extended under the recently enacted Coronavirus Aid, Relief, a...
Last week, Congress passed the Coronavirus Aid Relief and Economic Security Act ("CARES"). An important part of CARES amends a very recently enacted provision of the...