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UPDATE: CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT PAYCHECK PROTECTION PROGRAM On Friday, June 5th, 2020, President Donald J. Trump signed into law the Paycheck Protection Program Flexibility Act (the “PPPFA”) (H.R. 7010). The PPPFA amends certain provisions of the Paycheck Protection Program (the “Program”), which was a key component of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Except as expressly amended by the PPPFA, the original provisions of the Program (as modified and clarified by subsequent guidance from the Treasury and the Small Business Administration (the “Administration”)) continue to apply. The Treasury and the Administration
Parr Brown Gee & Loveless is pleased to announce that Skyler M. Tanner joined the firm as an associate in the business and finance, real estate, and bankruptcy, workouts and creditors right sections. Mr. Tanner earned his J.D. from Cornell Law School in 2009, and he received a B.S. degree, from Brigham Young University in 2006. Skyler has extensive experience negotiating and documenting secured financing transactions, including revolving credit, term credit and syndicated credit facilities for banks and other lenders. He also handles foreclosure and receivership matters on behalf of clients. Prior to joining the firm, Mr. Tanner worked for
UPDATE: CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT PAYCHECK PROTECTION PROGRAM On Friday, May 15th, the Small Business Administration (the “Administration”) published the form of Paycheck Protection Program Loan Forgiveness Application (the “Application”). Borrowers that have received covered loans (“Covered Loans”) under the Paycheck Protection Program (the “Program”) may complete and submit the Application to their lenders to apply for forgiveness of their Covered Loans. The Administration has indicated that additional regulations and guidance regarding Covered Loan forgiveness is still forthcoming. However, in the meantime the Application clarifies and expands certain aspects of Covered Loan forgiveness under the Program, including
GUIDANCE REGARDING EMPLOYEES RETURNING TO WORK As the State of Utah and local counties and municipalities around the state lift restrictions imposed in response to COVID-19, we wanted to address two new developments in Utah that may be helpful for employers to know as their employees return to work. First, the Utah Department of Workforce Services (“DWS”) has published Returning to Work FAQ for Employers, available here. One of the most frequently asked questions by employers may be: What if an employee refuses to return to work? Employers may have different obligations when answering that question under federal and state
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