- Winter Is Coming: What We Learned About Preparing for a Cooling Economy
- Cambridge Savings Bank Appoints Cal Navatto as Senior Vice President, Senior Asset-Based Lending Relationship Manager
- Moritt Hock & Hamroff Expands New York Corporate, Creditors' Rights and Litigation Capabilities with Addition of Walter Siegel, Kristina M. Sgambati and Joseph A. Famulari II
- Wingspire Capital Promotes Will Bence to Head of Originations
- Built-In Discipline: How Asset-Based Lending Stays Secure and Efficient Amid Emerging Risk
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
