Author: Michael J. Barone, Jr.

Client Alert: Governor Baker Announces MA Reopening

On May 17, 2021, Governor Charlie Baker announced that Massachusetts would lift the vast majority COVID-19 related restrictions effective May 29, 2021. Boston Mayor Kim Janey also announced that Boston will lift its COVID related restrictions effective May 29, 2021, thereby aligning with the state’s reopening plan. Similarly, the State of Emergency first imposed by…

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POSTED IN: Articles & Quotes, COVID-19

Client Alert: SBA Announces Registration and Application Dates for RRF

According to a recent press release from the Small Business Administration (“SBA”), registration for the Restaurant Revitalization Fund (“RRF”) will begin on Friday, April 30, 2021, at 9:00 AM (Eastern Time). The RRF will also begin accepting applications on Monday, May 3, 2021, at noon (Eastern Time). As a reminder, although all applicants are free…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: SBA Issues Guidance for Restaurant Revitalization Fund Program

On April 17, 2021, the Small Business Administration (“SBA”) quietly rolled out a new website for the much-anticipated Restaurant Revitalization Fund (“RRF”) program.  The website includes, among other things, a sample Application and Program Guide.  A copy of the Program Guide can be found here and a copy of the of the sample Application can…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: Congress Appropriations Bill Expands Paycheck Protection Program

Following weeks of negotiation, Congress passed the 5,593 page Consolidated Appropriations Act, 2021 (the “Act”) in the late hours December 21, 2020, that, in part, allocates approximately $900 billion towards emergency coronavirus relief and effectively extends and expands the Paycheck Protection Program (the “PPP”) and existing unemployment assistance programs.  A copy of the Act can…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: SBA Issues Revised PPP Loan Forgiveness Applications

On Tuesday, June 16, 2020, the Small Business Administration (the “SBA”) quietly released the revised Paycheck Protection Program Loan Forgiveness Application (the “Long Form Application”) and the new Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ (the “EZ Application”). The instructions included as part of the Applications provide borrowers with much needed guidance on…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: House and Senate Pass Paycheck Protection Program Flexibility Act

On June 3, 2020, the United States Senate passed the Paycheck Protection Program Flexibility Act (the “Act“), as passed by the House on May 27, 2020, amending certain aspects of the Small Business Administration Act and the Paycheck Protection Program (the “PPP“), created by Division A, Title I of the Coronavirus Aid, Relief, and Economic…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: Governor Baker Details Phased Reopening of Massachusetts

On Monday, May 18, 2020, Massachusetts Governor Charlie Baker announced plans to cautiously reopen Massachusetts businesses in accordance with the previously announced Four-Phase Approach to Reopening Massachusetts.  Pursuant to the plans announced by Governor Baker, created in conjunction with the Reopening Advisory Board, the first phase of reopening Massachusetts is scheduled to go into effect…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: SBA Issues PPP Loan Forgiveness Application

The Small Business Administration (the “SBA”) quietly released on Friday May 15th, the Paycheck Protection Program Loan Forgiveness Application (the “Application”). The instruction included as part of the Application provides borrowers with much needed guidance on how to calculate loan forgiveness under the Paycheck Protection Program (the “PPP”).  The instructions, in part, advise PPP borrowers…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: SBA Updates FAQ on Good Faith Certification of Need

Pursuant to Division A, Title I of the Coronavirus Aid, Relief, and Economic Stability (“CARES”) Act, as amended, Congress, among other things, established a framework for the Paycheck Protection Program (the “PPP”). In the weeks and months following the signing of the CARES Act by President Trump, the Small Business Administration (the “SBA”) and the…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

CARES Act: Assistance for Small Businesses

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Stability (“CARES”) Act (the “Act”), as approved by the Senate on March 26, 2020, and the House on March 27, 2020. This article is intended to focus on those provisions of Phase 3 of the federal COVID-19 stimulus package relative to the…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News