Category Business Transactions (2)

PPP Update: How much of your loan will be forgiven, and when you need to start paying off the 1% interest, 2-year loan.

By BrownWinick | 05.07.2020
It’s been a few weeks since the Payroll Protection Program (“PPP”) was passed into law and businesses have been approved (and hopefully have received) loans from the Small Business Administration (“SBA”). Recipients of the loans are eligible to receive full forgiveness for their loans if at least 75% of the loan proceeds are used for payroll... Read More

DSM Small Business Recovery Grant Application Opens, Accepted through May 20

By BrownWinick | 05.06.2020
In an effort to assist businesses facing hardship from the COVID-19 pandemic, the Greater Des Moines Partnership announced grant awards for businesses with physical locations within the cities of Carlisle, Clive, Des Moines, Indianola, Johnston, Norwalk, Urbandale, West Des Moines, and Windsor Heights. Eligible businesses include for-profit... Read More

Congress Injects an Additional $310B in Funding for the Paycheck Protection Program—Eligible Borrowers Should Act Quickly

By BrownWinick | 04.27.2020
Late last week, Congress passed—and President Trump signed—a new round of small business relief funding, the Paycheck Protection Program and Health Care Enhance Act, which includes an additional $310 billion in funding for the Paycheck Protection Program (“PPP”). In just two short weeks, the first round of funding was exhausted, leaving many... Read More

Main Street Lending Program

By Amy Johnson | 04.09.2020
The U.S. Treasury released information today on its Main Street Lending Program (“MSLP”). Many at this point are familiar with the Paycheck Protection Program (“PPP”) created by the CARES Act; the MSLP is being billed as the corresponding mid-size business program. More details are yet to come, however: The MSLP will enhance support for small and... Read More

COVID-19 – Additional Employer Funding Sources

By Cynthia Boyle Lande | 04.09.2020
Many businesses are asking questions about new SBA loans available under the Paycheck Protection Program (PPP). Oftentimes businesses are not aware of other new resources available in the form of refundable advance tax credits — reimbursing the cost of employee wages paid in connection with COVID-19. In many cases, the credits available can exceed... Read More

COVID-19 and Essential Service Personnel Guidance

By BrownWinick | 03.31.2020
The Iowa Department of Public Health (“IDPH”) provided guidance last week related to COVID-19 isolation requirements for essential service personnel. Essential services personnel include: Healthcare providers; Law enforcement; Fire & EMS personnel; Long-Term Care personnel; Residential Support Facility personnel; and Public Health & Emergency... Read More

Your Company Just Enabled a Remote Workplace. . . but is it Secure?

By James Pray | 03.31.2020
The rapid spread of COVID-19 in the US has forced many companies to establish remote access to their systems in order to continue to operate. As an attorney working with clients on data security matters, I am seeing an uptick in compromised Microsoft Office 365 accounts as companies make the transition. Office 365 is a great platform that allows... Read More

Iowa Workforce Development Changes Policy on Unemployment Benefits and PTO

By BrownWinick | 03.30.2020
Iowa Workforce Development announced today that effective immediately, employees who are or will be laid off, or are unable to work for COVID-19-related reasons, will not be required to use all available paid leave before becoming eligible to receive Iowa unemployment benefits. This change is not retroactive and claims will not be backdated. This... Read More

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