"First we eat, then we do everything else.” - MFK Fisher
Senate Approved $484 Billion Amendment to the CARES Act, increasing funding, including $370b more for biz loans
Yesterday, April 21, the U.S. Senate approved another stimulus bill, which, if passed into law tomorrow as expected, will provide an additional $484b in economic aid to combat the novel coronavirus and related economic distress. It would replenish funds for …
The SBA and the US Treasury Roll Out New Guidance Just as the Paycheck Protection Program Runs Dry
Lenders, small businesses and their financial and legal advisers have scrambled to keep up with the almost daily release since April 1 of the Small Business Administration’s Paycheck Protection Program “Interim Final” Rules, the also-final updates to the Rules, and …
Update on SBA Emergency Economic Injury Disaster Loans
By Catherine A. Burke A version of this bulletin was originally posted on March 23 here, but this April 14, 2020 update includes new information. The Small Business Association (“SBA”) launched its application portal for coronavirus-related emergency economic injury disaster …
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THE “CARES” ACT CAN HELP SMALL- AND MEDIUM-SIZED BUSINESSES SURVIVE THE COVID-19 CRISIS
You have likely heard a lot about the Two-Trillion-Dollar Stimulus Package, but what does it really mean to you and your business? _______________________________________ Under the Paycheck Protection Program, you may be eligible for a loan that you may never have to pay …
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What does Vermont’s Stay Home/Stay Safe Order Mean for Vermont Businesses?
Yesterday Vermont Governor Phil Scott issued an Addendum to his March 13, 2020 State of Emergency in Response to COVID-19 and National Guard Call-Out (“Executive Order”), directing Vermont residents to stay at home and businesses and nonprofits to suspend in-person …
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Small Business Association (SBA) Disaster Loans Now Available
By Pauline Law The Small Business Association (SBA) has launched its application portal for disaster loans. Loans are available to U.S. small businesses, small agricultural cooperatives and most nonprofit organizations. The application may be accessed at the following link: https://disasterloan.sba.gov/ela/. For …
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Vermont Distillers Stepping up to Help Vermonters Sanitize
While the current crisis might bring out the worst in some, in Vermont, it brings out the best in most. Already we see a growing swell of generous community spirit among Vermonters who are not only willing, but driven to …
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