June 05, 2020By: Will Johnson and Perry MacLennan
May 23, 2020One week after issuing the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application, summarized here, the Small Business Administration (SBA) issued two interim final rules on May 22, 2020 addressing loan forgiveness, loan review procedures, and borrower and lender responsibilities.
May 16, 2020The Small Business Administration issued the long-awaited Paycheck Protection Program Loan Forgiveness Application (the “Application”) together with instructions (the “Instructions”), on May 15, 2020.
May 06, 2020
By: Will Johnson and Perry MacLennan
Late on Tuesday, May 5, 2020, the US Treasury Department extended the deadline for a safe harbor repayment of PPP loan funding from May 7 to May 14 and promised additional guidance on how the Small Business Administration will review the good-faith “necessity” certification prior to that time.
May 01, 2020
*Note, this blog has been updated 5/6/20 based on the SC Supreme Court order requiring Certifications for all evictions and foreclosures.
The Supreme Court announced on April 30, 2020 that evictions and foreclosures will resume May 15, 2020 across South Carolina.
April 30, 2020
As businesses of all sizes brace for the impact of COVID-19 over the next several months, and possibly years, the rise of bankruptcy filings is inevitable.
April 28, 2020
As the COVID-19 pandemic marches on, more homeowners than ever are seeking assistance from their lenders.
April 17, 2020
Within the last two weeks, many laws, orders and guidance have been approved and published regarding the administration of unemployment and employee financial relief.
April 13, 2020In the midst of the Coronavirus Pandemic, the federal government appropriated funding for low-income and moderate-income communities and persons through the Community Development Block Grant (CDBG) Program.
April 08, 2020By: David B. Caughran and Ronald T. Scott