September 2020

Hartford Law Firms See Spike in COVID-19-related Business

This article was originally featured in the September 21, 2020 issue of the Hartford Business Journal. To view the original, please click here.As business slowed down at companies across Greater Hartford in mid-March due to COVID-19-related shutdowns, it p…

August 2020

DOL Updates FAQs on FFCRA Back to School Issues

Since posting its original guidance on the Families First Coronavirus Response Act (FFCRA) in March, the U.S. Department of Labor (DOL) has continued to update its Questions and Answers. Most recently, the DOL provided FAQs addressing a variety of issues r…

SBA Creates Exception to Owner-Employee Compensation Rule, Clarifies Eligibility of Certain Nonpayroll Costs for Forgiveness

On August 24, the Small Business Administration (“SBA”) released a new Paycheck Protection Program (“PPP”) interim final rule to create a new exception to the owner-employee compensation rule and to clarify whether certain nonpayroll costs are elig…

Federal Reserve Releases Additional Information on the Main Street Lending Program

On July 28, 2020, the Federal Reserve extended the expiration of the Main Street Lending Program facilities through December 31, 2020. On July 31, 2020, the Federal Reserve released a revised set of Frequently Asked Questions relating to the Main Street fa…

SBA Releases New FAQs on PPP Loan Forgiveness – Key Takeaways for Borrowers

On August 4, the Small Business Administration (“SBA”) released a new set of Paycheck Protection Program (“PPP”) FAQs focused exclusively on loan forgiveness. This new set of FAQs follows the updated PPP loan forgiveness applications and instructio…

Federal Reserve Releases Terms of Main Street Facilities for Nonprofit Organizations

On July 17, 2020, the Federal Reserve released term sheets for the two Main Street Lending Program facilities designed to support lending to small and mid-sized nonprofit organizations, which term sheets were revised on July 28 to extend the expiration of …