The federal government acted swiftly in passing the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), including the Payroll Protection Program (“PPP”) component, to mitigate the financial impact of the COVID-19 pandemic. While the quick action by the government has put money quickly into the hands of small businesses, the government agency responsible for implementing this massive new program, the Small Business Administration (“SBA”), has had to play catch-up to issue guidance and rules to fully implement it. This Legal Update provides considerations related to the receipt of federal funds, which may be particularly useful to those borrowers… Continue Reading PPP Compliance Considerations for Federal Funding Novices