- Cahill Announces Julie L. Cohen as Firm’s First Chief Marketing Officer
- Jennifer Wallace, Chair of SFNet’s 40 Under 40 Awards, Encourages Members to Nominate Rising Stars
- Gordon Brothers Completes Big Lots Purchase & Facilitates Going Concern Sale
- eCapital Acquires LSQ to Expand Technology Solutions and Strengthen Market Leadership
- Interview with Kristin Maxwell, Member of SFNet’s Inclusiveness Committee
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
