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On Thursday October 8, 2020, the U.S. Small Business Administration (SBA) issued an interim final rule (the “SBA PPP Interim Final Rule”), which is effective immediately, announcing, as described below, additional guidance concerning exemptions to reduction in forgiveness and the loan review process for PPP loans of $50,000 or less. The SBA PPP Interim Final Rule is available here read more

The U.S. Small Business Administration (“SBA”), in consultation with the U.S. Department of the Treasury, has from time to time issued responses to frequently asked questions by lenders and borrowers regarding the PPP (the “SBA PPP FAQs”).  A current copy of the SBA PPP FAQs is available here. On October 7, 2020, as set forth below, the SBA updated the SBA PPP FAQs... read more

On Saturday July 4, 2020, the President signed into law congressional bill S. 4116, extending the application deadline for Paycheck Protection Program (PPP) loans from June 30, 2020 until August 8, 2020.  Otherwise eligible businesses who have not previously obtained a PPP loan now have until August 8th to apply for the loan, while funds remain available. ___________ Rogers Towers... read more

On June 22, 2020, President Trump issued a new proclamation temporarily suspending entry into the United States of certain nonimmigrants seeking to enter on the popular H-1B (specialty occupation), H-2B (seasonal worker), L-1 (intracompany transferee), and J-1 (exchange visitor) visas.  The proclamation, titled Suspension of Entry of Immigrants and Nonimmigrants Who Present a Risk to... read more

On Tuesday June 16, 2020, the SBA posted a new short-form Paycheck Protection Program PPP Loan Forgiveness Application Form 3508 EZ, together with instructions (“PPP New Forgiveness Application EZ”), and a revised Form 3508 Paycheck Protection Program Loan Forgiveness Application, together with instructions (“PPP Revised Forgiveness Application”).  Copies of the PPP... read more

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