Fed Expands Main Street Lending Program

The Fed has announced revisions to the Main Street Lending Program that will make it possible for more small and midsize companies to receive financial…

Business Interruption Insurance Claims for COVID-19

One of the many remaining uncertainties for businesses impacted by coronavirus is whether the loss of income will be covered under their business interruption insurance…

Regarding Employee Retention Credit, the PPP, and Health Insurance to Furloughed Workers

In our webinars and writings, we’ve focused a lot of attention on the Paycheck Protection  Program (PPP), but it’s important to remember that it’s not…

SBA Allows Increased PPP Loans to Partnerships, Seasonal Employers

The SBA has issued a new interim final rule permitting lenders to increase existing Paycheck Protection Program (PPP) loans to partnerships and seasonal employers.  Initial…

NC’s $1.6B Coronavirus Relief Package Includes Help for Small Businesses

North Carolina Governor Roy Cooper signed a $1.57 billion coronavirus relief package Monday to aid the state’s response to the COVID-19 pandemic. The bill was…

Main Street Lending Program Will Aid Mid-Size Companies

The widespread closures of businesses due to coronavirus have rendered companies of all sizes scrambling for liquidity, but federal relief programs previously enacted have focused…

Running List of Extended Federal Tax Deadlines Due To Coronavirus

In addition to previously granted automatic extensions of time to file and pay, the IRS yesterday granted additional, broad relief in response to coronavirus. Notice…

Mecklenburg County Approves Small Business Loans For Coronavirus-Impacted Companies

Mecklenburg County, NC has approved $5 million in small-business loans to help small local companies that have been negatively impacted by coronavirus.  The Small Business…

IRS Issues Informal Guidance on Employee Retention Credit

The IRS has issued its first informal guidance on the employee retention credit, which passed as part of the CARES Act last week. The credit…

Paycheck Protection Program Applications Available This Week — Link Provided

Small businesses and sole proprietorships that have been negatively impacted by the coronavirus pandemic can apply for federal loans under the federal Paycheck Protection Program…