By Melanie Wiener and Melody Schor
Dear Valued Client,
On April 9, the Fed publicized details of an additional $2.3 trillion in loan support to businesses via the creation of three new lending facilities. These programs have been built with the Coronavirus Aid, Relief, and Economic Security (CARES) Act in mind and will directly support the work of the Treasury and the Small Business Administration (SBA) in implementing the relief mandated by the CARES Act.
If you are still interested in applying for the PPP loan but your bank is not yet accepting applications or is not an approved SBA 7(a) lender, or you have yet to apply for a SBA EIDL loan, please contact Melanie I. Wiener, Esq. MWiener@abramslaw.com or Melody Schor, Esq. MSchor@abramslaw.com to schedule a consultation with one of our attorneys who is ready to assist you through this difficult time.