Newsletters

12.23.21

Exemption From California Lender Licensing Law for Single Loan About to Expire

An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption, including when structuring transactions through ...


12.22.20

Congress Reauthorizes and Modifies Paycheck Protection Program

On December 21, 2020, Congress passed a $900 billion aid package to help address economic hardships wrought by COVID-19.


06.19.20

An Updated Guide to Applying for PPP Loan Forgiveness, With Changes From the PPP Flexibility Act

As set forth in the CARES Act, a substantial portion of monies borrowed under the Paycheck Protection Program (PPP) may be eligible for forgiveness.


06.05.20

IRS Provides Additional Opportunity Zone Relief Due to Ongoing COVID-19 Pandemic

On Thursday, June 4, the Internal Revenue Service (IRS) released Notice 2020-39 (the OZ Relief Notice), which provides certain forms of relief for opportunity zone (OZ) investors, qualified opportunity funds (QOFs), and qualified opportunity zone businesses (QOZBs) affected by COVID-19.


05.29.20

New Guidance for Main Street Lending Program

The Federal Reserve Bank issued new guidance for the Main Street Lending Program (the Program) on May 27, 2020.


05.19.20

SBA Publishes Loan Forgiveness Application for Paycheck Protection Program

On May 15, 2020, the Small Business Administration (SBA) published a form of the loan forgiveness application for borrowers of Paycheck Protection Program (PPP) loans under the CARES Act.


05.04.20

Main Street Lending Program Expansion Announced

On April 30, the Federal Reserve Board, after receiving more than 2,200 letters in response to a request for feedback on its Main Street Lending Program, announced an expansion of the scope of and eligibility for the program.


04.14.20

IRS Extends Opportunity Zone Tax Incentive Deadlines

On Friday, April 10, the IRS released Notice 2020-23 (the Extension Notice), which extended certain deadlines for federal tax-related obligations that fall on and between April 1 and July 14 of this year.


04.13.20

New Federal Reserve Credit Facilities Providing up to $2.3 Trillion in Additional COVID-19 Funding

On April 9, the Federal Reserve took the following actions to provide up to an additional $2.3 trillion in economic aid to support the economy during the coronavirus pandemic.


04.09.20

CARES Paycheck Protection Loan Guidance for Small Healthcare Organizations/Physician Practices

Due to the economic uncertainty and disruption caused by the COVID-19 outbreak, Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act) to provide relief for small businesses that are undergoing extreme challenges.