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The Canada Emergency Rent Subsidy - Real Estate and Construction

The Canada Emergency Rent Subsidy - Real Estate and Construction
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PPP Ineligibility Update: Businesses Ineligible for First Draw and Second Draw PPP Loans (Updated 4/8/2021) | Schwabe, Williamson & Wyatt PC

The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “
CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses affected by the COVID-19 emergency. Among other provisions, the CARES Act allowed Congress to authorize the Small Business Administration (“
SBA”) to temporarily guarantee forgivable loans under a new 7(a) loan program titled the Paycheck Protection Program (“
PPP”).
On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act”) was enacted and authorized additional funds for new First Draw PPP Loans and for Second Draw PPP Loans. On January 6, 2021, the SBA and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act.” That rule restates existing regulatory provisions into a single regulation on ....

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PPP Ineligibility Update: Businesses Ineligible for First Draw and Second Draw PPP Loans | Schwabe, Williamson & Wyatt PC

The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses. ....

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