Financial, Tax, and Family Office Services
A “few” changes have occurred since my last post. Here’s a quick summary: The EIDL application window has re-opened. For a while, only agricultural requests were being accepted, but now businesses that missed the original window are allowed to apply. If you accepted the EIDL loan that was proposed but now were declined or now …
If your company was too big to qualify for the PPP and EIDL loans, these new loans (MSNLF and MSELF )may be possibilities. They are slightly different programs: MSNLF loans max at lesser of $25 million or 4X 2019 EBITDA; MSELF maxes at lesser of $150 million, 30% or borrower’s existing outstanding and committed but …
If your business is too large to qualify for PPP and EIDL Read More »
The CARES Act which was passed last week by Congress and signed by the President has a number of provisions that effect you and your business. I’ll try the summarize the most relevant and timely issues here. This is a broad overview – some may not be relevant to you/your business but I hope to …
Overview of Cares Act sent to clients April 2, 2020 Read More »
Here’s a link to the actual bill signed into law March 27, 2020 (approximately 335 pages long) html pdf