Through the 2021 Consolidated Appropriations Act, which has been passed by Congress on December 21, 2020, and signed by the President on December 27, 2020, additional funding was provided for the Paycheck Protection Program (the “PPP”), in addition to providing other changes to the framework for PPP loans. Second Draw Loans The new bill provides […]
As employers head into 2021, it is important to keep track of the lessons we learned in 2020 and make certain we are prepared for the additional challenges and questions employers will face as the pandemic continues into 2021. To help employers begin to prepare for those additional questions, we have set forth some […]
September 9, 2020 As discussed in previous Legal Alerts, the CARES Act (the “Act”) was passed on March 27, 2020, to expand the scope of the Small Business Act in order to provide forgivable Paycheck Protection Loans to allow qualifying employers to meet certain payroll and other related costs. While the Small Business Administration (the […]
As discussed in prior Legal Alerts and webinars, the CARES Act (the “Act”) was quickly passed, but left numerous uncertainties. These resulted from ambiguities in the text of the Act, slow and limited issuance of regulatory guidance, logistical concerns with implementation of the PPP origination process by banks, and significant demand and limited funding. While […]
What Employers Need to Know and Do as Workplaces Reopen As some States are contemplating measures to ease the stay at home restrictions in place due to the coronavirus pandemic, employers need to prepare for reopening their businesses and/or moving their remote workforce back into the office. Employers must be proactive in addressing the […]
March 30, 2020 As discussed in our previous Legal Alert, the CARES Act (referred to below as the “Act”), as passed on March 27, 2020, expands the scope of the Small Business Act to provide Paycheck Protection Loans that may be extended to qualifying businesses of up to 500 employees in an amount equal to […]