08.05.2020 Other Voices: Update on relief under the CARES Act for fund managers
By: Alston & Bird

On April 24, 2020, the Small Business Administration (SBA) released the Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility, which provides additional guidance on the rules governing the Paycheck Protection Program (PPP). Under the CARES Act, the SBA was granted authority to administer PPP loans under its Section 7(a) loan pro

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