Brennan, Manna & Diamond
Listen. Solve. Empower.
About
Our Core Values
Diversity & Inclusion
Community Involvement
Team
Practice
Contact
Resources
Events
Payment
Careers
Resources
Client Alerts, News Articles, Blog Posts, & Multimedia
Everything you need to know about BMD and the industry.
Client Alert
PPP Loan Forgiveness Application Details
May 18, 2020
As PPP loan recipients start to take stock of how they’ve used funds over the eight-week period, many businesses are eager to move ahead with the forgiveness portion of the program. How much of the loan will be forgiven is determined by the Small Business Administration (“SBA”), as provided in the CARES Act.[1] Over the weekend, the Department of Treasury released details on the forgiveness application, which can be found here.
Posted by
Cassandra Manna & The BMD SBA Loan Team
Client Alert
Term Sheets Finalized for Main Street Lending Program
May 4, 2020
The Main Street Lending Program (“MSLP”) is designed to provide support to small and medium-sized businesses during the current pandemic. The availability of additional credit is intended to help companies that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain their operations and payroll until conditions normalize. The loans will be provided by funds invested by the Department of Treasury. The terms sheets have been finalized for the program, which should be up and running shortly.
Posted by
Cassandra L. Manna & The BMD SBA Loan Team