On September 16, 2021, the U.S. Small Business Administration (“SBA”) issued an Interim Final Rule (the “Borrower Appeal Rule”) detailing the (largely technical) procedures for a Paycheck Protection Program (“PPP”) borrower to appeal certain final PPP loan review decisions to the SBA’s Officer of Hearings and Appeals (the “OHA”).[i] The below summarizes the process
Originally published on April 14, 2020. Last updated as of September 24, 2021.
This alert (I) summarizes the key terms of the PPP (as amended and supplemented by the Economic Aid Act, the EAA Updated Rules and the ARPA), (II) addresses certain frequently asked questions that Proskauer attorneys have addressed, and (III) provides a brief
Effective September 8, 2021, the U.S. Small Business Administration (“SBA”) significantly expanded the ability of small businesses to apply for low-interest loans through the revised COVID Economic Injury Disaster Loan (“EIDL”) program. The program will end on December 31, 2021, or until funds are exhausted, whichever occurs sooner, suggesting that all applicants looking to apply
Originally published on December 30, 2020 and updated as of August 16, 2021.
The SBA announced that the SVOG application portal will close on Friday, August 20 at 11:59pm Pacific Time. Applicants should submit their applications prior to that time. The SBA has also indicated that grantees who have received their initial loans will be
Gasoline prices have spiked all along the U.S. Eastern Seaboard following a cyberattack on one of the largest pipelines in the country.
Retail prices hit $10 per gallon in some locations, up from $3 to $4 per gallon only days before. This has raised widespread accusations of price- gouging.
In normal times, such price increases
As we enter the second year of the pandemic, it has become increasingly apparent the various vaccinations approved for safeguarding against COVID-19 are a key element to returning to normal business operations. Employers have raised a number of questions about how the vaccine can be deployed effectively to assist the business.
In a unionized environment,
Effective June 4, 2021, the HERO Act requires all employers in New York to implement certain safety standards and adopt a prevention plan to protect against further spread of COVID-19 and other airborne infectious diseases in the workplace. In addition, effective November 1, 2021, the Act requires employers with at least 10 employees to permit
With its hands-on approach and financial firepower, private equity may just be what’s needed to help reshape post-pandemic economies.
While it is still uncertain how long-term some of the pandemic’s effects will be, it is clear that companies need to build resilience if they are to survive or even thrive through whatever unexpected events the
Employees are still commuting downstairs to their home office.
But a return to the traditional workplace finally appears to be in sight primarily as a result of the increasing availability of effective vaccines. What will the traditional workplace look like once it is safe, or safer, to return, and how will working conditions change?
Questions
As the private credit market continues to expand, it is becoming increasingly attractive to a range of companies – including those that would historically have sought funding from public markets. So how are funds evolving to tap these opportunities? And what is their role in a post-COVID environment?
As banks find themselves retrenching in the