COVID-19 and M&A: Important Considerations for Sellers – Part Two of a Two-Part Series
In this segment, we will discuss practical considerations for entities who are contemplating a sale, whether during or after the pandemic.
Congress Passes Favorable Amendments to the Payroll Protection Program
The Payroll Protection Program (“PPP”) continues to be revised in ways that are favorable to physician practices and other small businesses. In May, amidst growing uncertainty about whether businesses that took out loans under the PPP would be subject to second-guessing regarding their certification as to their need for the loans, the SBA and Department…
Paycheck Protection Program Loan Forgiveness
The recently enacted CARES Act includes forgivable Paycheck Protection Program loans for small businesses (PPP Loan). While the CARES Act includes parameters for loan forgiveness, we expect more details when the Small Business Administration (SBA) issues regulations implementing the program. The CARES Act – Paycheck Protection Program Loan article outlined the method for determining the…
CARES Act – Paycheck Protection Program Loan
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. The CARES Act includes a forgivable small business loan program: the Paycheck Protection Program (PPP). Under the PPP loan program, forgivable loans of up to $10 million will be available…