Small Business Provisions of CARES Act

by Aman Badyal, Andrew D. McCarthy

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act).

There is no shortage of coverage and commentary on the CARES Act, so we are focusing here on provisions most likely to provide immediate cash flow to small and medium-sized businesses.

I. Lending Programs

a.       Paycheck Protection Program (PPP) and Loan Forgiveness.

The CARES Act creates the PPP which allows the Small Business Administration (SBA) to provide $349,000,000 of federally backed loans to eligible businesses. 

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Coronavirus Aid, Relief, and Economic Security (CARES) Act: Expansion of Unemployment Benefits Through the Pandemic Unemployment Assistance Program

by Katie A. Collins
The Labor & Employment Law Blog

On March 27, 2020, the $2 trillion Coronavirus Aid, Relief, and Economic Safety (CARES) Act was passed by the House of Representatives and signed into law by President Trump as the largest emergency aid bill in history. The CARES Act significantly expands unemployment benefits and comes on the heels of 3.3 million Americans having applied for unemployment benefits last week. In California specifically, there were 186,809 claims for unemployment benefits to the Employment Development Department last week.

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Federal Stimulus in Response to COVID-19

by Andrew D. McCarthy

On Wednesday, March 25, the Senate and the White House reached a deal regarding a $2 trillion coronavirus economic stimulus package.

The Senate plans to vote on the legislation on March 25.  Then the House will need to pass it before it goes to the President to sign it into law.  For the House to pass it quickly on Wednesday, the vote would need to happen by a voice vote without any objections from any member of the House,

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Business and Tax Relief in Response to COVID-19

by Andrew D. McCarthy

and Jim Clarke

As COVID-19 imposes challenges on our communities, Weintraub is tracking developments to help you deal with the pandemic’s business and legal implications.

I.                 SBA Economic Injury Disaster Loans

A.                 Overview

The U.S. Small Business Administration (SBA) is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by COVID-19 in presidential and SBA-declared disaster areas.  Borrowers can use the loans to cover accounts payable,

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COVID-19: Resources for California Employers (Updated 4/3/20)

by Meagan D. Bainbridge
The Labor & Employment Law Blog

The COVID-19 pandemic is forcing employers to make unprecedented decisions about their workplace. In an effort to help employers as they make the difficult decisions they are currently facing, we have gathered guidance released by many of the federal and state agencies specifically related to COVID-19. We hope this page is useful resource. That being said, this is a rapidly changing area of law, and new guidance is being implemented on what seems like a daily basis.

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Commercial Eviction Moratoriums in California and Other Real Estate Issues Arising From the COVID-19 Pandemic

by Josh H. Escovedo

As a result of the ongoing COVID-19 pandemic, on March 16, 2020, Governor Newsom issued an executive order authorizing local governments to halt evictions, slow foreclosures, and protect against utility shutoffs. In response, numerous California municipalities have passed emergency orders enacting moratoriums on evictions. These orders vary from entity to entity, with some protecting only residential tenants, and others including commercial tenants. The orders also vary from entity to entity to the extent that some constitute a blanket moratorium,

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California Governor Newsom Issues Statewide Stay at Home Order

by Lizbeth (Beth) V. West
The Labor & Employment Law Blog

On March 19, 2020 Governor Newsom issued a statewide stay at home Order that will remain in place until further notice. To view or download a copy of Executive Order 33-20, click here. The Order directs all residents in the State of California to stay home unless necessary to maintain the continuity of operations of federally recognized critical infrastructure sectors.  To determine what infrastructure sectors are critical, the Governor refers to the U.S.

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Weintraub Tobin Coronavirus Update

Like other businesses and governmental agencies, Weintraub Tobin continues to follow the rapidly changing news regarding the impact of the coronavirus (COVID-19) pandemic. Our fundamental goal is to take reasonable steps to help protect the health and safety of our employees, attorneys, clients, and community partners. In doing so, we are following the recommendations of the CDC and other public health agencies and are putting in place certain protocols to prevent, and respond to, the virus.

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Lizbeth “Beth” West Interviewed in the Southern California Recorder Regarding AB 5

Lizbeth (Beth) West was recently interviewed about the impact of California Assembly Bill (AB) 5 on California businesses and workers.  AB 5 went into effect on January 1, 2020 and has caused many companies, in many industries, to scramble to determine how, and if, they will change their business model to comply with the new law.  As Beth stated in the article, “the focus of this legislation was likely centered on today’s gig economy,

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Sherry S. Bragg Named Attorney of the Year by the Veteran's Legal Institute

NEWPORT BEACH, CA (March 5, 2020) – Weintraub Tobin, a leading California full-service law firm, is pleased to announce that Sherry S. Bragg has been named “Attorney of the Year” by the Veterans Legal Institute (VLI). Honorees of this award are advocates for veterans and have made significant contributions to veterans’ causes. She will be honored at the Lawyers for Warriors 2020 event in Costa Mesa in September 2020.

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