DBL Law partner Angie Gates has been elected to the UpSpring Board of Trustees. Angie leads DBL Law’s Banking & Commercial practice group. She also practices in the firm’s Construction,...
SBA guidance on PPP loans has been sporadic and often leaves small businesses with more questions. Recent questions surrounding the impact of the sale or acquisition of a business on...
On Friday, June 5, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) into law. Aptly named, the Act allows more flexibility in the use...
In classifying which operations are essential and nonessential, associations should consider the effects this will have on their finances. The timeline of this pandemic is unpredictable and associations should take...
On Thursday, May 28, 2020, the House of Representatives passed the Paycheck Protection Program Flexibility Act which allows more flexibility for small businesses that received a PPP loan. Under the...
The SBA has published additional guidance regarding PPP loan forgiveness. The guidance attempts to answer continued questions from small businesses about the process of applying for loan forgiveness and how...
Small business owners anxiously refreshed their email inboxes hoping for some word from the U.S. Small Business Association (“SBA”) on their fate under the Paycheck Protection Program (“PPP”). To the...
Many small businesses will struggle to survive the financial challenges brought on by the novel coronavirus. Historically, Chapter 11 of the Bankruptcy Code was an option that was more attractive...
On April 23, 2020, the SBA published a guideline in their list of Frequently Asked Questions addressing businesses that received a PPP loan but that also have sources of funding...
The Small Business Administration has once again updated their guidelines regarding the good faith certification made by businesses that received a PPP loan. On April 23, 2020, the SBA added...
