Apr. 1, 2020

CARES Act: Paycheck Protection Program Documentation Checklist

With the recent passage of the CARES Act, the expansion of SBA 7(a) (Paycheck Protection Program) loans has left many businesses wondering what they can do to take advantage this advantageous program. While we are awaiting regulations and guidance on the implementation of the Program, we anticipate the following documents may be required when applying […]

Apr. 1, 2020

COVID-19: Emergency Financing Options for Businesses (April 1)

(Updated April 1, 2020) The COVID-19 (Coronavirus) outbreak has left a lot of businesses struggling financially due to closures, reduced workload and supply chain issues. To assist businesses during these extraordinary times, local and federal resources are being allocated to provide various emergency funding options. This chart helps simplify the government financing options currently available, […]

Mar. 31, 2020

CARES Act Expands Relief for Small Businesses

Long before COVID-19 (Coronavirus) was even known to most Americans, Congress acted to address a recognized deficiency in the Bankruptcy Code. The expansive provisions for business reorganization under Chapter 11 were too cumbersome, expensive and complex for many smaller businesses, while the options for “mom and pop” enterprises under Chapter 13 were too limited. To […]