SBA Interim Final Rule – What To Know Before You Apply

On April 2, 2020, the U.S. Small Business Administration (SBA) released its Interim Final Rule, which provides further guidance on the Paycheck Protection Program (PPP). Here are a few things you should know: No more than 25% of the loan proceeds may be expended on eligible expenses other than payroll costs.  The lender will calculate the […]

Paycheck Protection Program Loans: Application Forms and Guidance Released

As most of you are already aware, as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the federal government recently allocated $349 billion to help small businesses. Yesterday, the federal government released the application form and some supplemental guidance all employers should review. Beginning on April 3, 2020, small businesses with less […]

US Department of Labor Announces New Paid Sick Leave and Expanded FFCRA Regulations: FFCRA Guidance to Help Employers and Employees Understand Expanded Paid Sick Leave for COVID-19

On April 1, 2020, the United States Department of Labor announced new regulations offering guidance as to how employers and employees will benefit from relief and protection under the Families Coronavirus Response Act (“FFCRA”). FFCRA reimburses private employers with fewer than 500 employees with tax credits for the cost of providing employees with paid leave in […]

Statewide Stay-At-Home: Is Your Business “Essential”?

Governor Roy Cooper issued Executive Order 121 on March 27, 2020 which required, among other things, the closing of all nonessential businesses and operations for thirty days from March 30th, 2020. If your business is excluded from the list of essential businesses and operations under Executive Order 121, yet you believe it is essential to […]

Paycheck Protection Loans Available Soon for All Small Businesses

Employers with fewer than 500 employees should contact their bank as soon as possible to start the process of applying for a “Paycheck Protection Loan.” Paycheck protection loans are SBA loans designed to help employers cover payroll costs and other expenses during the COVID-19 pandemic. Paycheck protection loans do not require personal guarantees or collateral. Best of […]

Client Alert: FFCRA’s Notice Requirement, Rapid Recovery Loan, and I-9 Compliance

Client Alert: Mecklenburg County Residents Ordered to Stay at Home

Client Alert: Families First Coronavirus Response Act

Client Alert: New EEOC Guidance on Employee Health Issues and COVID-19

Client Alert: Essential Critical Infrastructure Workers