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Category Archives: SBA – PAYCHECK PROTECTION PROGRAM

PPP Guidance- Loan Forgiveness and Change of Ownership

Effective October 2, 2020, SBA Employees and Paycheck Protection Program (“PPP) Lenders received an SBA Procedural Notice, outlining the required procedures for loan forgiveness for an entity that that is undergoing a change of ownership. For the Complete OlenderFeldman Memorandum outlining PPP Loan Forgiveness, Change of Ownership, and Borrower's Responsibilities, Click Here. For more information,…
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OlenderFeldman Secures Vital Decision in Favor of Policyholders Seeking COVID-19 Business Interruption Coverage

While questions remain as to how Courts will ultimately rule on whether business interruption claims may provide recovery under an insurance policy, a recent decision is an important win to plaintiff-policyholders seeking to clear the initial pleading hurdle in their litigations against insurers who have denied their claims. Countless businesses nationwide purchased business interruption insurance…
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Paycheck Protection Program June 19, 2020 Interim Final Rule

On June 19, 2020 the SBA posted an Interim Final Rule to implement changes made the Paycheck Protection Program (“PPP”) by the Paycheck Protection Program Flexibility Act (“Flexibility Act”). The majority of the provisions of this new Interim Final Rule amend the SBA’s initial April 20, 2020 rule to include the Flexibility Act’s new regulations.…
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