Tag Archives: SBA

Congress Passes the Paycheck Protection Program Flexibility Act

Congress has just passed the Paycheck Protection Program Flexibility Act, which President Trump is expected to sign into law.  Significantly, this bill extends the time that businesses have to spend Paycheck Protection Program (“PPP”) loan funds and changes the PPP forgiveness rules.  Important aspects of the bill are summarized below. The Paycheck Protection Program Flexibility… Read More »

NEW PPP Loan Forgiveness Application; NEW CDC Guidance for Restaurants

  Link Below to PPP Loan Forgiveness Application and Instructions On Friday, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans,… Read More »

SBA Issues Guidance on PPP Loan Program-10 Things to Know

  We highlight the following for borrowers:The SBA issued an Interim Final Rule related to “Business Loan Program Temporary Changes; Paycheck Protection Program.” This Rule is effective on publication in the Federal Register and applies until June 30, 2020, or the funds allocated are exhausted. It is available here. No more that 25% of the loan proceeds may be expended… Read More »

COVID-19: Latest FAQS for Employers – March 25, 2020

Palmieri Tyler has compiled the following list of most frequently asked questions and concerns from employers during this rapidly evolving situation. We have provided general responses to the questions and concerns below, but should your situation present more specific circumstances, as all businesses are unique in their procedures, policies, practices, and operations, we encourage you to… Read More »

FAQS for Restaurants & the Hospitality Industry COVID-19 (Coronavirus)

Can the Coronavirus be spread through food, including refrigerated or frozen food? According to the CDC “Coronaviruses are generally thought to be spread from person-to-person through respiratory droplets. Currently there is no evidence to support transmission of COVID-19 associated with food.” How are restaurants responding? The foodservice industry follows strict local public health guidelines. To… Read More »