Paycheck Protection Program Flexibility Act of 2020 Update for June 4, 2020
Yesterday the Senate passed the Paycheck Protection Program Flexibility Act of 2020, click here to read the details. The Act will move forward to await the President’s signature. We expect that there will continue to be further guidance, processes, and procedures issued which we will continue to provide updates once available.
Read morePaycheck Protection Program Update for June 3, 2020
The SBA and Treasury released SBA Procedural Notice 5000-20029 on Lender Remittance of EIDL Refinance Proceeds to SBA, click here to read. We expect that there will continue to be further guidance, processes, and procedures issued which we will continue to provide updates once available. Please feel free to pass these announcements along to your colleagues and they can click here to sign up for our newsletters.
Read moreA Message To Our Clients
In light of the Coronavirus (COVID-19) outbreak, we felt it important to provide an update to our valued clients. First and foremost, we are taking all appropriate and responsible actions to protect the health and well-being of our employees, colleagues, clients and their families. That being said, we are committed to continue serving the legal needs of our clients so that you may, in turn, provide vital support and resources to your customers. Our office currently remains open and fully operational, however, should we face the need to temporarily close our office, please rest assured that we have in place the technology necessary to allow us to continue to provide uninterrupted service and support, while maintaining the same level of security that our clients have come to expect. For our SBA lending clients, we will continue to remain in contact with the SBA, NAGGL, NADCO and other trusted partners to keep you advised of any updates to the SBA’s Coronavirus (COVID-19) Disaster Relief Lending program, the SBA’s current loan deferment rules, and any other financial assistance programs made available by the SBA, USDA or any other lending agencies.
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