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?