Insights

No more PPP, No More EIDL, Now What?

April 17, 2020

Lots of info to digest today.  Good thing it is Wednesday, no wait, Thursday.  No, that’s not right.  Well, it’s a day that ends in “y”.  With PPP and EIDL halted, now what?

Check out the info below for some insights that may be relevant to you:

  • Opening Up America Again:   In case you missed the press conference last night, check out the guidelines published by Presidential Taskforce about the phased economy reopening.
  • Where do I go if I did not apply for a disaster relief program?  With PPP halted (hopefully temporarily) and the SBA not accepting any more EIDL applications, the options are limited.  However, check out the available programs which were sent out by SCORE:
  • Will There Be More Funds Available for the PPP or other programs?  A plan B, if Congress does not act, is being talked about.  Check out the article from Inc.com here.
  • I got the PPP funds, now what?  More guidance will no doubt be issued on PPP forgiveness.  In the interim, check out some resources that may be helpful:
  • And now from the lighter side:  Professional Gamblers in Nevada may be able to collect unemployment……With no golf allowed in PA, a lot of my golf buddies could do the same thing given how much I have lost to them over the last few years.
Lastly, I heard the M&A community has a new acronym (see below):
 

Please see all of our updates at the following link:

https://mpl-law.com/resource-center/

As always, please don’t hesitate to email myself, Andy Miller (amiller@mpl-law.com) or Christian Miller (cmiller@mpl-law.com) or anyone in our office with any questions or comments.

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