Over the past weekend, there has been great concern that the SBA’s “Interim Final Rule” from April 2 prohibits borrowers who receive EIDL loan funds after April 3 from applying for a PPP loan. We disagree with this interpretation.
On Thursday evening, the night before this program is scheduled to begin, the SBA issued updated guidance to borrowers and lenders.
Wednesday afternoon, the Treasury Department (Treasury) issued four forms, including a sample loan application
CARES Act Webinar – What it means for your practice. Discussion on Payment Protection Program (PPP).
Small Business Interruption Loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT)
Under the Senate bill (which the House has not yet passed, but is expected to do so soon), the federal government will be allocating $349 billion to the Small Business Administration to guarantee loans to small businesses.
Senate to Vote on Coronavirus Stimulus Package—What This Can Mean For Your Private Practice & Employees
As we continue through this unprecedented time, some good news is emerging. As you may have heard, the Senate has reached a bipartisan agreement on a $2 trillion aid package to the U.S. economy – the most substantial economic stimulus bill and rescue package in American history.
Protecting Your Practice During the Coronavirus Shutdown Protecting Your Practice During the Coronavirus Shutdown It is extraordinary how much our lives are changing so quickly. Practices are shutting down for weeks with no assurance that they can reopen any time soon, certain states are on total lockdown and economic activity has ground to a halt.…
The April 1st issue of the C&A Doctors’ Newsletter will be devoted to ways we can fortify our practices during the economic shutdown. But, before that goes to print, we want to address the most immediate needs – helping our staff through this difficult period and having enough liquidity to manage the next several weeks of uncertainty.