Paycheck Protection Program | Davis|Kuelthau, s.c.

Milwaukee Business Journal’s Table of Experts: Revisiting the Paycheck Protection Program

Feb 19, 2021

Davis|Kuelthau Commercial Finance and Corporate attorney, Lawrence J. Glusman recently sat down with David Cody, Chief Executive Officer and Founder at ACAP to discuss the improvements and other changes in the second round of the Paycheck Protection Program. The discussion was moderated by Jason Monnett, Senior Vice President and the Senior Lender at WBD, Inc. Their commentary was featured in...

Webinar | COVID-19 Relief in 2021: What Employers Need to Know

Jan 21, 2021

Click here to access the on-demand video. Click here to access the powerpoint presentation. The new COVID-19 Relief bill, signed into law on December 27, provides additional economic relief for business owners if you know what to look for. In addition, the new administration will mean more change is on the horizon. What are the immediate opportunities for your business, and what will the...

SBA Issues “Change of Ownership” Procedures for PPP Borrowers: M&A Transactions Must Now Be Reviewed for Compliance

Oct 7, 2020

By: Lawrence J. Glusman On October 2, 2020, the Small Business Administration (SBA) issued a procedural notice regarding changes of ownership of an entity that has received Paycheck Protection Program (PPP) funds. The notice does three main things – defines when a “change of ownership” is deemed to have occurred, details when and how lenders may unilaterally approve an ownership change, and...

Webinar | PPP Flexibility Act of 2020: What Are Your Options Now?

Jun 16, 2020

Click here to view the Webinar On-Demand. Click here to access the PowerPoint Presentation. You’ve heard about the new PPP Flexibility Act of 2020, but what does it mean for your business? The Act may be relatively straightforward, but for many the decision process is not. Options have been expanded since you applied for the loan back in April and May. Will the Act benefit your business? How do...

SBA Releases PPP Loan Forgiveness Application and Instructions: Lays Out Calculation Process and Clarifies Some Open Questions

May 16, 2020

On May 15, 2020, the SBA and the Treasury Department released the long-awaited Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions. They also announced that additional regulations and guidance would soon issue to further assist borrowers as they complete their applications, and to assist lenders with their responsibilities. The SBA explained that the...

SBA Creates New Safe Harbor for PPP Certification Review: Loans Under $2 Million Deemed Certified in Good Faith and Loans Over $2 Million Subject to Possible Loss of Forgiveness (Updated May 14, 2020: New PPP FAQ #47 published)

May 13, 2020

By: Lawrence J. Glusman Second Round of May 13, 2020 SBA Updates | New PPP FAQ #47 Published 47. Question: An SBA interim final rule posted on May 8, 2020 provided that any borrower who applied for a PPP loan and repays the loan in full by May 14, 2020 will be deemed by SBA to have made the required certification concerning the necessity of the loan request in good faith. Is it possible...

Breaking News: SBA Extends PPP Safe Harbor Repayment Deadline to May 14: Promises Additional Guidance on Certification Review

May 5, 2020

By: Lawrence J. Glusman The SBA just issued a brand new FAQ, #43, which grants an automatic 1-week extension to the PPP loan repayment safe harbor until May 14. Borrowers do not need to formally request the extension. The SBA will implement it through a revision to the Interim Final Rule which created the safe harbor. Most notably, the SBA now intends to provide additional guidance on how they...

Limited Safe Harbor May 14 Deadline Looms: Did I Misunderstand or Misapply the PPP Borrower Certification?

May 5, 2020

By: Lawrence J. Glusman These days you can’t have a conversation with a business owner without mentioning the Paycheck Protection Program. It’s like the weather. Everybody knows something about it, but nobody knows everything about it. Not even the government. As businesses and their lawyers, accountants and bankers collectively await guidance from the Treasury on the parameters of the loan...

Webinar Replay: Understanding the CARES Act — Presented by BizTimes Media

Apr 6, 2020

Please scroll to the bottom of the page to view the webinar replay and access the presentation materials. The federal government's $2 trillion economic stimulus bill can help your company survive. But you have to understand NOW what's in it for you and how to apply for funds. This bill is a game changer for many small businesses, but only if you act soon. BizTimes, U.S. Small Business...

Webinar Replay – Paycheck Protection Program: Factors for Considering a Loan

Apr 2, 2020

*Please scroll to the bottom of the page to view the webinar replay and to access the PowerPoint presentation. Business leaders, interested in what many are referring to as “free money”? Davis|Kuelthau hosted a complimentary webinar for Wisconsin businesses — borrowers and lenders — navigating the emergency loans recently made available through the Coronavirus Aid, Relief, and Economic Security...

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