Overview Business owners are often required to sign personal guarantees on business loans. Lenders may need additional security on the loan or may just want the owner to have personal “skin in the game.” A personal guarantee, in this circumstance, is a legal contract made…
Continue Reading
It is widely predicted that COVID-19 related lawsuits will flood the court systems in the coming two to three years and that those cases may continue to be litigated over the next decade. Indeed, depending on the source, it appears that almost 1,000 COVID-19 related…
Continue Reading
Stay-at-home orders and the economic disruption caused by the COVID-19 pandemic have taken their toll on several industries, including construction. The impact of the pandemic has made it impossible, or at least more expensive, for projects to proceed on schedule. Contractors experiencing losses or delays…
Continue Reading
On May 13, 2020, the Small Business Administration (“SBA”), along with the Treasury, released FAQ #46, as a follow up to its guidance on FAQs #31 and #37, which is discussed here. As a quick catch up, the SBA and Treasury issued FAQ #31 in response…
Continue Reading
As businesses in Missouri and other regions begin to open back up and employees return to the workplace, employers are faced with questions regarding what types of testing and screening they can implement to ensure the health and safety of their employees. Background The U.S.…
Continue Reading
On April 9, 2020, the Federal Reserve, published term sheets for a Main Street Lending Program for small and/or mid-size businesses. The April 9 term sheets set forth two separate loan programs under the Main Street Lending Program—the Main Street Lending Program and the Main Street Expanded Lending Program.…
Continue Reading
For any employer that expected PPP loan proceeds to be “free money,” the IRS has essentially said – not so fast. In guidance issued on May 1, 2020, the IRS clarified that to the extent that an employer makes payments of expenses that result in…
Continue Reading
Signup to receive the latest Capes Sokol news in your inbox.
