CARES Act Archives

COVID-19 UPDATE: When Employees Are Afraid to Come to Work

June 16, 2020 - For many businesses now reopening after three months of COVID-19 disruption, both employers and employees are facing new challenges. These aren’t normal times. While unemployment regulations vary from state to state, many workers who went on unemployment last March have been collecting a weekly $500 unemployment check — plus $600 more per week federal Pandemic […]

COVID-19 UPDATE: CARES Act Helps Rural Businesses

June 4, 2020 - On May 22, the USDA announced the Business & Industry CARES Act Program, a new coronavirus pandemic relief program that will increase access to commercial lending for businesses in rural areas. The new program will provide up to $1B in loan guarantees for rural businesses, including agricultural producers who are ineligible for FSA funding, so […]

COVID-19 UPDATE: Main Street Relief Fund Receives $400 Million

May 19, 2020 - Governor Sununu has authorized the allocation and expenditure of an initial $400 million in emergency funding from the CARES Act Coronavirus Relief Fund to provide emergency financial relief to New Hampshire small for-profit businesses due to the economic disruption caused by COVID-19 – it has been named the “Main Street Relief Fund”. Before opening up the […]

COVID-19 UPDATE: Orr & Reno PPP Loan + Forgiveness Estimator

April 17, 2020 - Orr & Reno attorneys have put together an Orr & Reno PPP Loan + Forgiveness Estimator for clients to use as a resource with PPP Loans. The estimator is based on the language in the CARES Act and the most recent guidance from the SBA on how to apply for PPP Loans and how the […]

COVID-19 UPDATE: CARES Act Provides Boost to Main Street Lending Program to Aid Small and Mid-Sized Businesses

April 16, 2020 - The U.S. Treasury Department and the Federal Reserve announced additional actions to provide up to $2.3 trillion in loans to support the economy, according to a press release issued on April 9, 2020. One of these measures includes funding for the Main Street Lending Program which aims to ensure credit flows to small and mid-sized […]

COVID-19 UPDATE: Orr & Reno Partners with Concord Chamber of Commerce for Webinar Series

April 13, 2020 - Orr & Reno attorneys will conduct weekly webinars, in partnership with the Concord Chamber of Commerce, that are focused on COVID-19 topics starting with a webinar presentation on Tuesday, April 14 at 10 am. Attorneys Nathaniel Morse, Tony Sayess, and Connie Lane will update the CARES Act and summarize recently released guidance from the SBA […]

COVID-19 UPDATE: Paycheck Protection Program – What Employers Need to Know

April 3, 2020 - Congress passed the CARES Act (the “Act”) last week, with the intent of stimulating and providing emergency relief to the American economy. One component of the Act that is designed to provide immediate relief to employers is the Paycheck Protection Program (“PPP”). The PPP, outlined in §1102 of the Act, allocates $349 billion to disburse […]

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