On December 9, 2020, the Small Business Administration (the “SBA”) released Paycheck Protection Program (“PPP”) Loans FAQ #53, which provides additional information regarding the Loan Necessity Questionnaires (SBA Forms 3509 or 3510) that will be required for all PPP borrowers that, together with their affiliates, received loans of $2 million or more. The SBA is requiring that these...

Governor Gina Raimondo has announced a Coronavirus Relief Fund grant program for Rhode Island businesses affected by Executive Order 20-95, which requires an early shutdown for certain bars and restaurants. Under the Executive Order, for at least two weeks, effective on Sunday, November 8, 2020, all restaurants and bars must end service at 10:00 p.m. on...

The Small Business Administration has announced in the Federal Register the release of two proposed questionnaires for recipients of Paycheck Protection Program (PPP) loans of $2 million or greater. One questionnaire will collect information from for-profit borrowers, and the other questionnaire is for non-profits. The questionnaires have not been posted to the SBA’s website but...