Category: Covid-19

Last week, the Small Business Administration (the “SBA”) issued two interim final rules incorporating changes to the Paycheck Protection Program (the “PPP”) prescribed by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, Pub. L. 116-260 (the “Economic Aid Act”). The Act extended the authority to make PPP loans to first and second-time

The Small Business Reorganization Act of 2019 (SBRA), which took effect earlier this year, added a new Subchapter V to Chapter 11 of the Bankruptcy Code, intended to make Chapter 11 more affordable, efficient, and beneficial for small businesses (especially those whose owners might otherwise lose their equity in a traditional Chapter 11 case). Just

As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the following statement in regards to Section 325: “Small business is big business in America, and this Administration will continue

There’s been much attention paid to the thousands of small businesses that have been suffering as a result of the pandemic. Restaurants and fitness centers have seen their operations curtailed to the extent that many are simply shuttering their doors. Retail stores have seen their foot traffic all but disappear and those in the travel,

On Dec. 27, the new stimulus package — formally called the Consolidated Appropriations Act, 2021 (the CAA) — became law. That’s good news for small business owners: one section of the CAA resurrects the Paycheck Protection Program (PPP) with better terms for borrowers. Here’s what you need to know, starting with a brief history lesson.

The Covid-19 pandemic has proven to be one of the most disruptive forces the search industry has ever seen. With consumers worldwide in various stages of lockdown, many are leaning more heavily on online search and commerce. Consumers are searching on a more hyperlocal level than ever before as they stay close to home. With

Supply chains stretched to their limits. Consumers embracing e-commerce in record numbers. Expectations for ever-faster delivery. Industry behemoths pivoting to smart automation, leaving ordinary retailers in the dust. And that was the state of fulfillment before Covid. Since the crisis hit, we’ve seen an unprecedented increase in online ordering: e-commerce has grown by 44.5 percent,

If President Trump signs the latest Covid-19 relief bill into law in its current form–no guarantee given his erratic tweeting–it could usher in hundreds of billions in new aid for small businesses and individuals. The roughly $900 billion package extends a number of crisis-era small business programs such as the Economic Injury Disaster Loan program,