- Melinda Fricke Joins Pacific Western Bank as SVP, Business Development Officer for Asset-Based Lending in North Texas
- SFNet Provides Summary of Economic Aid Act
- A Closer Look at Retailer Resilience During the COVID-19 Pandemic
- Huntington Business Credit Closes $250 Million Credit Facility with Concordance Healthcare Solutions, LLC
House/Senate Approve Next Round of Economic Stimulus
By SFNet
Last night the House and Senate approved a $900B next round of economic stimulus. The full text of the bill can be found here as well as a detailed summary. SFNet’s Advocacy Committee is reviewing the language and will hold an informative webinar as soon as practical in January. In the meantime, you may wish to consult your advisers. In addition to other broad reaching measures, the statute provides for:
- PPP extended through March 31, 2021
- CECL and TDR provisions potentially deferred until January 2022
- Additional allocations for EIDL Grants
- ERTC extended and expanded
- Rescission of emergency lending facilities, including MSLP, in their current form
