BW INSIGHTS

BrownWinick Included in 2024 Edition of Best Laws Firms Ranked by Best®

By BrownWinick | 11.02.2023

BrownWinick is excited to announce the firm has been included in the Best Law Firms Ranked by Best® 2024 publication. Firms included in the 2024 edition of Best Law Firms® list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a tiered ranking signals a unique combination of quality... Read More

End of LIBOR is Here

By Thomas Johnson | 07.05.2023

The London Interbank Offering Rate (commonly known as LIBOR) has been a key benchmark for setting the interest rates charged on adjustable rate loans, mortgages and corporate debt for the last 40 years. Due to concerns that the benchmark was being manipulated, LIBOR has been phased out over the last few years. Effective June 30, 2023, the... Read More

Regulators Close Silicon Valley Bank and Signature Bank: Here's What You Need to Know

By John D. Hunter & Allison M. Lindner | 03.13.2023

Last weekend was a wild ride for the banking industry and depositors everywhere. Silicon Valley Bank experienced an old fashioned “run on the bank” that forced the FDIC to close it on mid-day Friday. Remember Jimmy Stewart in “It’s a Wonderful Life”. Over the weekend another bank, Signature Bank, was also closed by regulators. Both of these banks... Read More

SBA Opens PPP Forgiveness Portal, But Banks Put on the Brakes

By BrownWinick | 08.12.2020

The Small Business Administration (SBA) officially opened its Paycheck Protection Program Forgiveness Portal to lenders starting on Monday, August 10, 2020. This means that banks who provided loans to small businesses through the Paycheck Protection Program (PPP) may start processing applications from borrowers to have their loans entirely... Read More

Main Street Lending Program

By BrownWinick | 06.25.2020

Update: On Monday July 6 the Main Street Lending Program became fully operational. This program is meant to shore up small and mid-sized American businesses that were in good financial standing prior to the pandemic. However, the program might have difficulty garnering support from the nation’s largest financial institutions—lenders like JP Morgan... Read More

Paycheck Protection Program Resumes Monday, April 27th

By Amy Johnson | 04.24.2020

If you have not already taken advantage of it, the SBA will be accepting PPP applications starting Monday morning. We recommend reaching out to your banker right away to get the ball rolling as the new appropriation will be given on a first-come first-served basis. Let us know what we can do to be of assistance – we have already helped numerous... Read More