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Section 1102(a) of the CARES Act requires that all borrowers, in applying for a PPP loan, make a good faith certification “that the uncertainty of current economic conditions makes necessary the loan request to support the ongoing operations” of the borrower (the “Certification of Necessity”). Today the U.S. Small Business Administration (“SBA”), in... read more

On Friday March 27, 2020, the President signed into law, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748) or “CARES Act,” providing for, among other things, the Paycheck Protection Program (“PPP”). The U.S. Small Business Administration (“SBA”), in consultation with the U.S. Department of the Treasury, has issued additional responses to... read more

On Friday March 27, 2020, the President signed into law, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748) or “CARES Act,” providing for, among other things, the Paycheck Protection Program (“PPP”). The U.S. Small Business Administration (“SBA”), in consultation with the U.S. Department of the Treasury, has issued additional responses to... read more

The coronavirus pandemic presents unique challenges regarding evaluation of workers’ compensation claims by employees who claim to have contracted COVID-19 in the course of their employment. Florida and other states have taken varying approaches to such claims. On March 30, 2020, Florida Chief Financial Officer Jimmy Patronis issued Directive 2020-05, which directs the Division of Risk... read more

On Friday March 27, 2020, the President signed into law, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748) or “CARES Act,” providing for, among other things, the Paycheck Protection Program (“PPP”). From time to time , the U.S. Small Business Administration (SBA) has issued interim final rules relating to the implementation of sections 1102 and 1106 of... read more