Paycheck Protection Loans: 3 Things The SBA And Banks Need To Agree On Now

This past Friday, the federal government rolled out its Paycheck Protection Program (PPP), which was designed by the recently-enacted CARES Act as a way to get $350 billion into the hands of small business owners.

As you well know, the motivation behind the PPP was to allow those businesses slowed or stopped by COVID-19 to continue paying their employees for the next few months by allowing banks to join forces with the Small Business Association (SBA) and make hassle-free loans to those in need.

About Swier Law Firm's Business & Corporate Practice Group

Swier Law Firm's Business & Corporate Practice Group handles the following types of cases:

Cyber Law and Cyber Security
Limited Liability Companies (LLCs)
General Partnerships and Limited Liability Partnerships
Joint Ventures and Strategic Alliances
C Corporations and S Corporations
Trademarks and Copyrights
Real Estate
Wind Energy Transactions
Corporate Governance
Corporate Dissolution
Conducting Internal Investigations for Boards, Board Committees and General Counsel
Preparing, Revising and Updating Governance and Compliance Materials, including Bylaws,
Committee Charters, and Compliance Policies.

To learn more about business and corporate legal issues in South Dakota, contact Swier Law Firm.