UPDATE 6/3/2020: Congress passed H.R. 7010 and the bill will be going to the President for his signature. This article will be updated to reflect any changes to the PPP process once the details are… Read more
Recent Posts
Business Interruption Insurance and COVID-19 (Coronavirus and the Law)
All restaurants and recreational businesses were partially or fully shut down by Governor Northam’s Executive Order 53, issued on March 23, 2020. Many of these businesses are now wondering if their insurance will cover income… Read more
How to Reopen Your Business in 12 Steps (Coronavirus and the Law)
We’re several months into the COVID-19 pandemic and demand is mounting to reopen workplaces. No modern employer has faced quite this situation, so you’re not alone. Rates of infection, hospitalization, and deaths vary from place… Read more
PPP Loan Borrowers Should Document Loan Justification (Coronavirus and the Law)
Update: The return deadline has been extended until May 18, 2020. The dates in this article have been updated to reflect this change. As part of the CARES Act signed into law at the end… Read more
Standstill Agreements Can Preserve Business Relationships During the COVID-19 Pandemic (Coronavirus and the Law)
The significant economic consequences of COVID-19 reach businesses across all sectors of the global economy. For many, the financial realities of the pandemic are stark and require those organizations consider unique arrangements to ensure continuity… Read more
Using a Paycheck Protection Program Loan and Loan Forgiveness (Coronavirus and the Law)
Some small businesses have received a Paycheck Protection Program (PPP) loan or may receive such a loan in the near future. This article focuses on the restrictions on how the PPP loan money can be… Read more
Virginia Expands Residential Tenant And Borrower Protection In Response To The Covid-19 Outbreak (Coronavirus and the Law)
In a special session on April 22, 2020, the Virginia General Assembly enacted House Bill 340 which imposes a stay or continuance of an unlawful detainer action or a foreclosure proceeding or a sale under… Read more
Main Street Loans Are Another Relief Option for Small & Medium Businesses (Coronavirus and the Law)
The Main Street Lending Program was approved as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Congress intended the program to provide another source of loans to small and medium-sized businesses…. Read more
SBA Economic Injury Disaster Loans Are an Additional Option for Emergency Working Capital (Coronavirus and the Law)
For businesses struggling to survive during the COVID-19 pandemic, there are two primary programs for obtaining emergency working capital: the Small Business Administration’s (SBA) Economic Injury Disaster Loan program (EIDL) which is discussed here, and… Read more
A Summary of Legal Issues for Businesses (Coronavirus and the Law)
The COVID-19 pandemic has had, and will continue to have, a wide impact on businesses in every sector of the worldwide economy. Changes in response to the virus are occurring by the minute, creating a… Read more