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Although Northern Virginia, Maryland and DC are not yet ready to begin easing COVID-19 restrictions, business leaders are preparing now. What can landlords and tenants do today to survive a challenging second quarter, prepare for reopening, and emerge strong for the rest of 2020? In Part II of OFP’s COVID-19 Commercial Leasing Playbook, we focus on steps that tenants should…
The Small Business Association (SBA) late yesterday, May 5, issued additional guidance on the Paycheck Protection Program, the lifeline extended to small businesses under the financial relief package known as the CARES Act. As previously reported, the PPP loan...
With the Federal government issuing near-daily guidance to government contractors and rolling out much needed relief for small businesses, there is one key take-away for every government prime and subcontractor presently experiencing adverse impacts to performance as...
Following approval last evening by the House of Representatives and signature earlier today by the President, Congress has green-lighted an additional $310 billion for the Payroll Protection Program (PPP), a provision under the CARES Act designed to assist small businesses that have been economically affected by the COVID-19 pandemic. Initially passed in late March, the CARES Act is designed to…
On April 3, 2020, GSA applied a class-wide waiver of the Buy America Act (BAA) and the Trade Agreements Act (TAA) for the acquisition of personal protective equipment for the following five federal supply classes (FSCs): FSC 4240 (N95 masks), FSC 6810 (bleach), FSC 6840 (disinfectants, including, cleaners, sprays, and wipes), FSC 7930 (cleaners), and FSC 8520 (hand sanitizers, soaps,…
RESTON—April 16—Odin Feldman Pittleman is pleased to congratulate its 2020 Virginia and Washington, D.C., Super Lawyers and Rising Star: 2020 Virginia & Washington D.C. Super Lawyers Bruce Blanchard, Criminal Defense Leslye Fenton, Family Law Craig Franco, Business Litigation Donald King, Bankruptcy: Business Alexander Laughlin, Bankruptcy: Business About Super Lawyers Super Lawyers is a rating service of lawyers from more than…
On April 15, the Small Business Administration issued an interim final rule to the Paycheck Protection Program (PPP), a provision under the CARES Act designed to provide economic relief to small businesses that are struggling during the COVID-19 pandemic. The SBA invites the public to submit comments regarding the interim final rule, which applies to PPP applications submitted by June…
The Washington Metropolitan Area District Office presents Coping with COVID-19: SBA Updates on CARES Act Programs to Help Small Businesses and Non-Profits Join Antonio Doss, District Director of the Washington Metropolitan Area District Office of the U.S. Small Business Administration (SBA), as he and his team conduct a webinar to discuss the financial tools and resources now available to help small…
Last night, April 2, the SBA issued an Interim Final Rule for the Paycheck Protection Program. You can find the Interim Rule here. These rules are not final but do contain multiple changes and interpretations of the Act that will affect the loan amount, potential repayments, among other items. In particular, the SBA is now stating the interest rate on…
On the heels of the Office of Management and Budget’s (OMB) memorandum encouraging agencies to consider requests for equitable adjustment (REAs) for increased costs related to COVID-19, the U.S. Department of Defense (DOD) issued a similar memorandum for defense agencies on March 30, 2020. (Our summary of the OMB memo can be found here.) The DOD memo outlines three ways…