Webinar: U.S. Government Business Loans and Grants Virtual EventApr. 20, 2020
On Monday, April 20, 2020, Oz Halabi, Head of the U.S. Tax Group, and Guy Milhalter, Corporate and Licensing Group, Partners in Pearl Cohen's New York office, will present a webinar on “U.S. Government Business Loans and Grants” (invitation below.)
Oz and Guy will discuss the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) administered by the U.S. Small Business Administration and the U.S. Federal Reserve's newly established Main Street Lending Program available to U.S. businesses affected by the COVID-19 pandemic.
This webinar will focus on domestic companies, foreign-owned companies, and VC backed start-ups.
Notice: Although the SBA has announced that it will no longer process new PPP applications, the US Government is considering adding more funds to the PPP program. Given these changes, we will discuss PPP eligibility (hoping more funds will be allocated to the PPP program), and what is considered a permissible use of the PPP loan, for purposes of the loan forgiveness.