Jun 8, 2020 | COVID-19 Legal Update
Over the past week, HHS has issued additional FAQ guidance regarding the Provider Relief Fund (“PRF”) established pursuant to the CARES Act. Here are the highlights: HHS finally provides details regarding appropriate use of PRF payments Most of our clients who...
Jun 5, 2020 | COVID-19 Legal Update
Today, the Paycheck Protection Program Flexibility Act (“PPPFA”) became effective and it amends certain portions of the Paycheck Protection Program (“PPP”). Below is a summary of the key provisions and our takeaways: The “covered period” for purposes of PPP loan...
May 24, 2020 | COVID-19 Legal Update
On Friday, May 22, the Small Business Administration (“SBA”) issued long-awaited guidance on PPP loan forgiveness as well as guidance regarding its loan review procedures and borrower and lender responsibilities. The new guidance follows the recent...
May 22, 2020 | COVID-19 Legal Update
On May 20, the US Department of Health and Human Services (“HHS”) issued a press release reminding that a provider has until June 3, 2020, to submit revenue information to support receiving an additional payment from the Provider Relief Fund’s $50...
May 17, 2020 | COVID-19 Legal Update
Over the weekend, the Small Business Administration (“SBA”) released the application for borrowers to apply for forgiveness of their Paycheck Protection Program (“PPP”) loan. The application can be found here. At this time, the SBA has not...