July 2020

Congress Extends Deadline to Apply for Paycheck Protection Program Loans

With the deadline for businesses to apply for loans under the Small Business Administration’s Paycheck Protection Program (“PPP”) passing on June 30th, Congress voted on Wednesday, July 1st to extend the deadline for submitting PPP loan applications …

June 2020

SBA Releases Updated PPP Loan Forgiveness Applications and Instructions, Amends Existing Rules Based on PPPFA – Key Takeaways for Borrowers

This article was updated on June 24, 2020 to reflect changes to the PPP made by the new Interim Final Rule issued by the SBA on June 22, 2020 (the "June 22 Interim Rule"). A borrower may submit a loan forgiveness application before the end of the borrower…

Enforcement Will Not Go by the Wayside During the Pandemic

While making sure to adhere to each state’s required tasks for reopening, employers must not forget to comply with discrimination laws and OSHA and EEOC guidance. Recent guidance and court decisions make clear that OSHA, the EEOC, and other enforcement a…

Federal Reserve Opens Lender Registration for Main Street Lending Program and Announces Main Street Loan Options for Nonprofit Organizations

On June 15, 2020, the Federal Reserve announced that lender registration for the Main Street Lending Program is now open. Lender registration instructions, as well as the form documentation relating to this program, are available here. The Federal Reserve …

New York to Require Contractors to Pay Prevailing Wages on Certain Private Projects

Stephen Rosemarino and Chad Caplan were recently featured in the New York State Bar Association (NYSBA) Journal. Please visit the link below to read the full article.

Federal Reserve Further Revises and Expands Main Street Lending Program for Small and Mid-sized Businesses

On June 8, 2020, the Federal Reserve further revised the Main Street Lending Program to facilitate lending to more small and mid-sized businesses. The Federal Reserve also released a revised set of Frequently Asked Questions that provide additional details…