Help Is Here: New PPP Loans Are Available

Learn the rules and conditions of the new tranches of Paycheck Protection loans. The SBA has recently set start dates and procedures, and issued two new interim final rules—one for first draw loans and one for second draw loans. This article discusses the program start-up and highlights key provisions of the two new implementing rules.

READ NOW »

Related Content

• The “New and Improved” Paycheck Protection Program
  Take an overview of the recent omnibus budget act, which allows new borrowers to receive PPP loans and some existing borrowers to receive additional PPP funding. It also restores the tax deduction for expenses paid with PPP loan proceeds, makes a number of changes in PPP and other SBA programs, and creates a new grant program for performance venues and businesses.
• Market Trends 2020: COVID-19 Ramifications in Loan Documents
  Cover your bases by reviewing this guidance as to how new PPP loans interact with a borrower’s existing loan documents.
• Main Street Lending Program: Key Practice Points
  Walk down Main Street if your borrower is larger and is able to access this federal lending program. This practice note describes the terms of the facilities available under the Main Street Lending Program, in addition to providing practice tips to lawyers whose clients are (or are considering) entering such financing.

Practical Guidance Updates
Featuring the latest updates in Practical Guidance.

• Bankruptcy Practice Fundamentals Resource Kit
• The Practical Guidance Journal Fall 2020 Edition
  Prepare for the end of LIBOR and advent of SOFR in this edition featuring Finance insights.
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+