SBA Loans

The Small Business Act Paycheck Protection Program authorizes up to $349 billion for low-interest loans of up to $10,000,000 to borrowers to fund eligible payroll costs, interest on mortgage payments (which includes mortgages on real property and personal property), rental payments, utilities payments, and for other permitted purposes. The loans made under the Paycheck Protection Program would be eligible for forgiveness for certain payroll and other operating costs, as long as the borrowers maintain their payrolls to fund payroll costs and certain other expenses.

Below is a list of our current guidance on the Paycheck Protection Program. If you have questions, please call your main contact at Lewis Rice or Steve Poindexter or Steve Drapekin.

SBA Loan Resources 

12.30.20 | PPP Round 2: Newly-Authorized Initial and Second Draw Paycheck Protection Program Loans and Other Changes Benefit Borrowers

10.05.20 | SBA Issues New Procedures and Requirements for M&A Transactions Involving PPP Loans

8.25.20 | SBA Issues New PPP Rule on Owner-Employee Compensation and Nonpayroll Costs

8.05.20 | New FAQs on Paycheck Protection Program (PPP) Loan Forgiveness Issued

6.18.20 | New Paycheck Protection Program (PPP) Loan Forgiveness Applications and Interim Final Rule Issued

6.04.20 | The Paycheck Protection Program Flexibility Act Makes Significant Changes to the PPP

5.26.20 | Paycheck Protection Program (PPP) Loan Review Procedures: What Borrowers and Lenders Need to Know

5.26.20 | Interim Final Rule on Forgiveness of Paycheck Protection Program (PPP) Loans Issued

5.18.20 | Paycheck Protection Program (PPP) Loan Forgiveness Application Issued – How Borrowers Ask for Forgiveness

5.13.20 | Paycheck Protection Program (PPP) FAQ Updated with Guidance on Necessity Certification and Eligibility

4.23.20 | Paycheck Protection Program (PPP) FAQ Updated to Address Certification Liability – Applicants and Borrowers Should Beware

4.15.20 | SBA Paycheck Protection Program Rule: Guidance for Self-Employed Individuals

4.09.20 | Paycheck Protection Program FAQs for Independent Contractors

4.07.20 | SBA Paycheck Protection Program Frequently Asked Questions Updated to Address Key Issues

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Lenders Need to Know

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Borrowers Need to Know

4.01.20 | Treasury Department Issues Initial Guidance on SBA Paycheck Protection Program

3.26.20 | The SBA Paycheck Protection Loan Program

3.24.20 | COVID-19 and the SBA Economic Injury Disaster Loan Program

Other Resources

Please note that the resources found on these pages are periodically updated by the U.S. Treasury and Small Business Administration.

U.S. Treasury | Treasury Assistance for Small Business Resource Page

Small Business Administration | SBA Paycheck Protection Program Page

U.S. Treasury | Paycheck Protection Program Borrower Application Form

U.S. Treasury | Paycheck Protection Program Lender Application Form

U.S. Treasury | Paycheck Protection Program Overview

U.S. Treasury | Paycheck Protection Program (PPP) Information Sheet: Lenders

U.S. Treasury | Paycheck Protection Program (PPP) Information Sheet: Borrowers

U.S. Treasury | Paycheck Protection Program (PPP) Interim Rule

Firm Highlights
Client Alert

COVID-19 Rescue Plan Act Expands Paid Leave Availability but Does Not Revive Employer Mandates

More
Client Alert

New York State Regulator Discourages Ransomware Payments and Publishes New Cyber Insurance Risk Framework

More
News

Kansas City Office of Lewis Rice Names New Member

More
News

Brian P. Pezza Gives Advice on Vaccination Acceptance in the Workforce in Society for Human Resource Management Article

More
Diversity & Inclusion

Lewis Rice Member Ronald A. Norwood Serves on Missouri Bar’s Special Committee on Lawyers of Color to Establish Diversity, Inclusion Programs

More
News

Jeremy P. Brummond’s Article on Waivers of Consequential Damages is Published in Construction Executive

More
News

Meghan S. Largent and Lindsay S. C. Brinton Negotiate $700,000 Award to Cobb County, Georgia Landowners in Rails-to-Trails Case

More
Client Alert

Model COBRA Notices Under the American Rescue Plan Act

More
Diversity & Inclusion

Law Firm ILN-telligence Podcast Hosts Ronald A. Norwood to Discuss Mentorship, Diversity & Inclusion in the Legal Industry, and the Importance of Equity for All

More
Client Alert

Public Access to Electronic Court Records in Missouri

More
Client Alert

Temporary COBRA Changes Under the American Rescue Plan Act

More
Client Alert

Have You Done Your Annual CCPA Housekeeping?

More
News

Jerina D. Phillips Offers COVID-19 Vaccination Advice for Employers in St. Louis Magazine Article

More
Client Alert

Supreme Court Hands Down Unanimous Decision Limiting FTC’s Ability to Seek Monetary Relief

More
Client Alert

Federal Appellate Court Determines a Website Is Not a “Place of Public Accommodation” Under the ADA

More
News

Lindsay S. C. Brinton and Meghan S. Largent Negotiate $1.4 Million Settlement for Landowners along Legacy Trail

More
Client Alert

CROWN Act Legislation on the Verge of Passage in St. Louis City & County

More
Diversity & Inclusion

Fatima G. Khan Elected President of South Asian Bar Association of Metropolitan St. Louis

More
Diversity & Inclusion

Two Lewis Rice Members Selected for Leadership Council on Legal Diversity Programs

More
Client Alert

Virginia Passes Sweeping Data Privacy Legislation Similar to CCPA and GDPR

More