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PPP Redux: What's New for 2021 in the SBA Loan Program | Kelley Drye & Warren LLP

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On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”), was signed into law. The new law both funded the U.S. government for the remainder of FY 2021 and made available a wide range of COVID-19 relief support, including The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”).
The Act reopens the Small Business Administration’s (“SBA”) Paycheck Protection Program (PPP), allowing businesses to apply for a loan for the first time or, in some cases, allowing existing PPP borrowers to apply for a second loan. In general, new first-time PPP borrowers will be subject to the PPP’s original eligibility rules as amended by the Economic Aid Act, and second-time PPP borrowers will be subject to the requirements outlined below. The Act includes significant modifications and extensions of the Paycheck Protection Program (“PPP”) including: ....

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Resources for breweries: Coronavirus Relief Package and PPP Loans

Washington Beer Blog
Resources for breweries: Coronavirus Relief Package and PPP Loans
By washingtonbeerblog
on January 7, 2021 at 2:58 PM
I just got a message from the
Washington Brewers Guild. They want breweries to know about two upcoming opportunities related to COVID-19 economic relief. Specifically, two upcoming webinars. One presented by the Brewers Association for its members. The other is presented by the Washington Small Business Development Center.
Here’s the info from the Guild.
Congressional Coronavirus Relief Package and PPP Loans
Questions about the latest congressional coronavirus package and 2nd round of PPP loans? Here are two upcoming webinar opportunities to put on your calendar. ....

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Reauthorization and Revival of the Paycheck Protection Program

Reauthorization and Revival of the Paycheck Protection Program
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

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M&A Deals and PPP Loans: Unexpected Parties in Your Deal | Farella Braun + Martel LLP

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The Payroll Protection Program has been a lifesaver to many businesses this year, but its quick roll out, and many generous features (including potential forgiveness) could tempt a borrower to treat the PPP as something less than a “real loan”. This, potentially, is a big mistake, as in the context of M&A transactions PPP restrictions, and the practical difficulties in working with those restrictions, have the potential to greatly slow or complicate a deal. This problem is acute for struggling businesses, who are likely to have taken PPP loans, and who may be looking to salvage what value they can in a time sensitive sale. If you need a timely closing, you must treat your PPP lender and the SBA as essential parties to the deal and engage them as early as practicable. ....

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Forgings Market 2020 Global Trends, Top players, Demand, Share, Segmentation and Forecast to 2026

Forgings Market 2020 Global Trends, Top players, Demand, Share, Segmentation and Forecast to 2026
newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.

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