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Banking & Finance

The Payroll Protection Program Flexibility Act

On June 5, 2020, President Trump signed the Payroll Protection Flexibility Act (the “PPPFA”) into law. The PPPFA modifies the statutes, rules, and guidance relating to the Payroll Protection Program (“PPP”). The following is a summary of the noteworthy provisions of the PPPFA. 1. For New PPP loans, Loan Maturity […]

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Mon Jun 8, 12:24pm

General

Iowa House Commerce Committee Passes COVID-19 Liability Protection Measures

On Wednesday, June 3, 2020, the Iowa House Commerce Committee passed a legislative amendment to S.F. 2338. If passed as part of S.F. 2338, the amendment would significantly reduce the potential liability of Iowa businesses related to COVID-19 exposure lawsuits. The following is a summary of the amendment and its […]

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Thu Jun 4, 9:14pm

General

COVID Related Employer Documentation

One thing we are seeing as COVID related claims are starting to arise is a failure on the part of employers to adequately document how they are specifically dealing with a myriad of COVID issues. For example, employers should create logs showing how they are going about cleaning and disinfecting […]

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Fri May 29, 7:00pm

Banking & Finance

SBA’s PPP Loan Forgiveness Application and Instructions: Notes of Significant Items

On Friday, May 16, 2020, the Small Business Administration (“SBA”) published its Paycheck Protection Program (“PPP”) Loan Forgiveness Application and Instructions (the “Forgiveness Application”). The Forgiveness Application not only sets forth the method by which borrowers must calculate the PPP loan forgiveness amount, but also includes new rules and guidance […]

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Fri May 22, 10:03pm

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