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FAQ: Paycheck Protection Loans and Economic Injury Disaster Loans

Written By Joanne Badr Morgan

April 3, 2020

Here we will address frequently asked questions we are receiving from our business and lending clients about the Paycheck Protection Loan Program ("PPP") created by the CARES Act and the Economic Injury Disaster Loans ("EIDL"). These programs are different, and we will highlight the most important differences.

Paycheck Protection Program Loans and the Business Affiliation Rules: "Don't Wing It"

Written By James W. Norment

April 3, 2020

We have written a great deal about the CARES Act and the small business loans available to eligible applicants. New guidance about these loan programs is made available on a frequent basis, and we are advising clients to …

New COVID-19 Guidance for Public Sector Employers

Written By Emily G. Massey and Clifford P. Parson

April 3, 2020

On March 18, 2020, Congress passed the Families First Coronavirus Response Act ("FFCRA") to address some of the effects COVID-19 has caused in workplaces across the country. As we have written previously, the U.S. D…

Help for the Hemp Industry in the COVID-19 Crisis

Written By Tyler J. Russell and Allen N. Trask, III

April 3, 2020

The last month has been difficult for everyone, to say the least. The hemp industry as a whole has faced tremendous economic pressures and worries for months. Businesses continue to operate under regulatory un…

Foreclosure and Forbearance Under the CARES Act

Written By Lance P. Martin

April 2, 2020

The CARES Act, which became law on March 27, 2020, imposes important restrictions on foreclosure activity by servicers of federally-backed mortgage loans. It also grants expansive rights to borrowers to seek forbearance o…

U.S. Patent and Trademark Office Extensions Under the CARES Act

Written By Erica B. E. Rogers

April 2, 2020

On Tuesday, March 31, 2020, the U.S. Patent and Trademark Office ("USPTO") notified the public that it may extend certain deadlines and delay payment of fees. On March 16, 2020, the USPTO notified the public that i…

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