Evaluating Going Concern in the era of COVID-19

Just one week after the passage of the PPP Flexibility Act, the Small Business Administration released the first of what we hope will be many pieces of interpretive guidance. Readers that have been following the many iterations of the PPP program may not be surprised by the...

On June 3, the Senate gave unanimous consent to the Paycheck Protection Program Flexibility Act of 2020 that passed the House on May 28, 2020. This stand-alone, bipartisan bill would allow more businesses to receive Paycheck Protection Program (PPP) loan forgiveness and...

In what is considered a tremendous victory for the restaurant industry, the House voted 417-1 on May 28, 2020 to pass a stand-alone, bipartisan Paycheck Protection Program Flexibility bill (H.R.7010), which would allow more businesses to receive Paycheck Protection Program...

In last week’s blog, we took a first look at the Paycheck Protection Program (PPP) loan forgiveness application. This week’s blog will take a deep dive into aspects of the interim final rule that will be of interest to the restaurant industry.

In what would be a tremendous victory for the restaurant industry, the House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program bill.

On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that guidance and regulations will be issued soon...