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To print this article, all you need is to be registered or login on Mondaq.com. The Small Business Administration (SBA) has announced that the long awaited Shuttered Venue Operators Grant (SVOG) Application Portal will open and begin accepting applications for eligible applicants starting April 8, 2021. Applicants can find the SVOG Application Portal here, the SVOG Application Checklist here, and the draft SVOG Application here, which is subject to change. To further assist applicants in the application process, the SBA has updated several documents first listed in Taf...

To embed, copy and paste the code into your website or blog: Help is on the way for restaurant owners who were hit hard by the COVID-19 pandemic. On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021  (the “Act’), a $1.9 trillion bill aimed at boosting the American economy during the COVID-19 pandemic. The Act created a $28.6 billion Restaurant Revitalization Fund (RRF). Unlike the Paycheck Protection Program (PPP) loans, the RRF will be administer directly by the Small Business Administration (SBA). What is the RRF grant? An eligible restaurant business may ...

A.  Congress 1. Republican leaders urged their House Democrat counterparts to hold a joint hearing regarding the undercounting of COVID-19 deaths in New York nursing homes. The letter was signed by Energy and Commerce Ranking Member Cathy McMorris Rodgers (R-WA), Energy and Commerce Health Subcommittee Ranking Member Brett Guthrie (R-KY), Republican Whip and Select Subcommittee on the Coronavirus Crisis Ranking Member Steve Scalise (R-LA), Ways and Means Ranking Member Kevin Brady (R-TX), Ways and Means Health Subcommittee Ranking Member Devin Nunes (R-CA), Rep. Tom Reed (R-NY), and Overs...

Mon, 03/15/2021 - 12:23pm -- tim Vermont Business Magazine The US Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. This includes Vermont. •    All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note. •    All SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-m...

To print this article, all you need is to be registered or login on Mondaq.com. After the Paycheck Protection Program (the "PPP") was established in The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), enacted on March 27, 2020, debtors in bankruptcy cases applied for PPP loans. The Small Business Administration (the "SBA”) opposed PPP loans for debtors, and courts were split as to whether the SBA could block debtors from qualifying for and receiving PPP loans. Then Congress passed the Consolidated Appropriations Act, 2021 (Act) (Pub. L. No. ...