CARES Act Passes Senate – Tentative SBA Loan Program Changes

On March 25, 2020, the US Senate passed the Coronavirus Aid, Relief, and Economic Security Act in the Senate (the “CARES Act”), that should it become law, would increase the maximum Small Business Administration’s 7(a) loan amount to $10 million and would expand allowable uses of 7(a) loans to include payroll support (including paid sick … Continue reading CARES Act Passes Senate – Tentative SBA Loan Program Changes