The recent trillion dollar stimulus contains provisions designed to keep businesses running. SIIA’s webinar, staffed by experienced Nelson Mulllins Lawyers, boiled down a thousand pages into what you need to know: 

  1. Paycheck Protection Program – who is eligible and for how much?
  2. Loan Forgiveness: Does the PPP have to be paid back?
  3. What are allowable uses of PPP loans?
  4. Affiliation rules – Does the fact the company is controlled by a private equity firm render them ineligible?
  5. Economic Injury Disaster Loan Program – who is eligible and how much?
  6. Emergency Grants – request, timing and eligible uses.
  7. What are the affiliation rules for the EIDL loans?