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Manufacturing
HSB Webinar: COVID-19 Update
July 01, 2020
Join HSB’s Employment Law team for our next webinar on July 8 for an update on COVID-19’s continued impact on SC employers.SBA Issues Updates to Initial Interim Final Rule on Paycheck Protection Program
June 11, 2020
On Thursday, June 11, 2020, the Small Business Administration (SBA) issued an update to its initial interim final rule on the Paycheck Protection Program (PPP), which was originally enacted as part of the CARES Act on March 27, 2020. The update incorporates key changes from the Paycheck Protection Program and Health Care Enhancement Act (enacted on April 24) and the Paycheck Protection Program Flexibility Act of 2020 (enacted on June 5). Following are the most important provisions:HSB Attorneys Contribute to SC Chamber’s COVID-19 Guide for Businesses
June 11, 2020
Haynsworth Sinkler Boyd attorneys Perry MacLennan, Clay Walker and Adam Yount recently contributed to the SC Chamber of Commerce’s “Business in the Era of COVID-19: A Guide for Moving Your Business Forward.”
PPP Flexibility Act Signed Into Law
June 05, 2020
By: Will Johnson and Perry MacLennanOn Wednesday evening, the U.S. Senate passed the Paycheck Protection Program Flexibility Act (the “Act”), which amends the CARES Act to provide businesses with greater flexibility in the use of PPP funds. President Trump signed the bill into law today, June 5. Below is a summary of the key changes.
PPP Update: SBA Issues Additional Interim Final Rules
May 23, 2020
One 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.SBA Issues New Interim Rule on Foreign Affiliates
May 18, 2020
The U.S. Small Business Administration (SBA) published a new interim final rule on Monday, May 18, 2020, which addresses the question of whether U.S. companies must include employees of foreign affiliates for purposes of measuring their number of employees for program eligibility.Summary of SBA’s PPP Loan Forgiveness Application and Instructions Issued May 15, 2020
May 16, 2020
The Small Business Administration issued the long-awaited Paycheck Protection Program Loan Forgiveness Application (the “Application”) together with instructions (the “Instructions”), on May 15, 2020.Guidance for Lenders on PPP Forgiveness
May 16, 2020
The Small Business Administration issued the long-awaited Paycheck Protection Program Loan Forgiveness Application (the “Application”), together with instructions (the “Instructions”), on May 15, 2020.PPP Safe Harbor Repayment Deadline Extended, Treasury Promises Additional Guidance
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.
Senate Passes Paycheck Protection Program and Health Care Enhancement Act to Add $310 Billion to Paycheck Protection Program
April 22, 2020
The United States Senate passed a bill on Tuesday, April 21, to increase the $349 billion cap under the Paycheck Protection Program (PPP). The “Paycheck Protection Program and Health Care Enhancement Act” would add another $310 billion in funding to the PPP, increasing the total amount to $659 billion.