Small Business Administration Issues Initial Guidance Covering New Rules for First and Second Draw Loans in the Paycheck Protection Program

On December 27, 2020, the Consolidated Appropriations Act, 2021 (the “Appropriations Act”), was signed into law following weeks of negotiations by members of Congress and Executive branch officials. The Appropriations Act combines an omnibus spending bill for the 2021 federal fiscal year with $900 billion in stimulus relief due to the ongoing effects of the COVID-19 pandemic in the United States....
By: Miles & Stockbridge P.C.

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