There have been two new major developments in the Payroll Protection Program (“PPP”). President Trump just signed a bill into law approving additional funds for the PPP and the SBA has issued new guidelines for the PPP. I. Since the $349 billion of loans to small businesses was quickly exhausted,…

Due to the COVID-19 pandemic, the cash flow of your business has diminished or all but disappeared.  You do not know if your business will survive the pandemic and resume normal operations.  In an effort to replace the revenue your business has lost, you filed a claim for business interruption…

In a historic move to bolster the COVID-19 economy, on April 6, 2020, the Federal Reserve announced a new program to purchase Paycheck Protection Program (“PPP”) loans extended by lenders to small businesses seeking to cope with the fallout of the coronavirus pandemic.  In a brief announcement, the Federal Reserve…