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13 May 2020, 7:00 am by Kevin Schmidt
NY Times, WaPo Sue Gov't For Info On Virus Relief Loans By Hailey Konnath, Law360, May 12, 2020Five major news outlets, including The New York Times, The Washington Post and Bloomberg, slammed the U.S. [read post]
12 May 2020, 6:22 am by Jonathan Bench
With capital extremely cheap right now, U.S. companies with Chinese partners can still qualify for SBA loans if the Chinese party owns less than 50% of the borrowing entity. [read post]
8 May 2020, 9:48 am by Editor Charlie
Finally, the SBA has limited the Economic Injury Disaster Loan (EIDL) grant of up to $10,000 to only $1,000 per employee. [read post]
” While confirming that the affiliation rules apply to both U.S. and foreign affiliates, this new guidance raises questions about which employees are included in the headcount for the size standard and contradicts the prior FAQs and interim final rule statements that the size standard only counted employees whose principal place of residence is in the U.S. [read post]
7 May 2020, 7:41 am
One of the most enticing reasons to obtain a loan under the Paycheck Protection Program (PPP) is the potential for the loan’s forgiveness.1 The federal Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized the U.S. [read post]
Our senior team is comprised of a deep bench of lawyers with decades of experience with investigations at the intersection of law and politics, including a former Deputy Attorney General of the United States, former U.S. [read post]
For SBA Pool Certificates (7(a) loans), the interest rate will be the top of the federal funds target range plus 75 basis points. [read post]
29 Apr 2020, 7:01 am by Bright!Tax Writers
The webinar covers updates relating to the Coronavirus Relief (CARES) Act as it relates to: Individuals:  how to receive the money, issues involving Americans married to non-Americans, and Foreign Earned Income Exemption calculations.Americans operating businesses via companies:  benefits involving Net Operating Losses, Interest income expensing, and possible SBA loans.The webinar is intended for American citizens & Green Card holders living outside the U.S., and… [read post]
29 Apr 2020, 6:48 am by Joe Rosenbaum
While the FAQ document does not have the force or effect of law or regulation, the guidance is based on the SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rules and notes the U.S. government will not challenge any action taken by a lender in reliance upon and conforming to the guidance and any subsequent rulemaking in effect at the time. [read post]