BW INSIGHTS

SBA Reopens Economic Injury Disaster Loan Program to All Eligible Small Businesses and Non-Profits Impacted by COVID-19

By BrownWinick | 06.17.2020
The U.S. Small Business Administration (SBA) has reopened its Economic Injury Disaster Loan Program (EIDL) to eligible small businesses and non-profits in all U.S. states and territories. This program provides loans at low interest rates and other forms of assistance to eligible organizations navigating the economic impact of COVID. EIDL loans may... Read More

COVID-19 Back-to-Business Limited Liability Act Awaits Governor’s Signature

By BrownWinick | 06.16.2020
Last week, the Iowa General Assembly passed Senate File 2338. The legislation includes the COVID-19 Response and Back-to-Business Limited Liability Act. The Act, which applies retroactively to January 1, 2020, provides liability protection from civil actions relating to COVID-19 exposure to certain “premises,” including real property serving a... Read More

2020 Legislative Session - Week 10

By BrownWinick | 06.05.2020
Lawmakers returned to the Capitol Wednesday following an 11-week suspension due to the COVID-19 pandemic. Since they paused activity days prior to the second funnel deadline, most bills that did not pass the House or Senate, plus committee in the other chamber by the end of the day on Friday, June 5 are “dead” for the remainder of session. Tax,... Read More

DOL Issues Final Rule On Retail or Service Establishment Commissioned Sales Exemption

By BrownWinick | 05.28.2020
The United States Department of Labor issued a final rule to simplify application of the commissioned sales exemption from the Fair Labor Standards Act (“FLSA”). Under that exemption, an employee may be treated as exempt from the FLSA overtime requirement if: (1) the employee works in a “retail or service” establishment, (2) earns a regular rate... Read More

Coronavirus Food Assistance Program – CFAP

By BrownWinick | 05.22.2020
The United States Department of Agriculture (“USDA”) announced very high-level details regarding the Coronavirus Food Assistance Program (“CFAP”) on April 17, 2020. The CFAP is designed to provide money directly to crop and livestock producers to solidify the food chain during COVID-19. Finally, one month after the initial release, the USDA has... Read More

Business Considerations for Those Impacted by COVID-19

By BrownWinick | 05.05.2020
While businesses have patiently awaited the lifting of closure orders associated with the pandemic, the uncertainty of business recovery looms as state and local governments begin easing closure restrictions. What will business look like in the post-closure world? How long will it take for business to recover? These are amongst the most pressing... Read More

PPP Portal Opens to Small Lenders Only for 8 Hours

By BrownWinick | 04.29.2020
On Wednesday, April 29, the U.S. Treasury and Small Business Administration (“SBA”) announced that for eight hours, big banks will be prevented from accessing the Paycheck Protection Program (“PPP”) portal. During this time, small lenders will have exclusive access to submitting applications for PPP loans. A lender with under $1 billion in assets... Read More

Making a big change to your business? We can help.

By BrownWinick | 04.21.2020
COVID-19 has drastically altered market demands and in response, some companies are temporarily changing their business models to manufacture products that are desperately needed. We have ethanol plants manufacturing hand sanitizer, clothing companies making surgical gowns, and plastic molding companies making face shields. One hurdle to making... Read More

Negotiating M&A Deal Terms During the COVID-19 Outbreak

By BrownWinick | 04.13.2020
If you are in the process of negotiating the purchase or sale of a company’s assets, a large ownership stake in a company or some other merger or acquisition (“M&A”) transaction for a business, consider if and how COVID-19 could impact the terms of your deal, including those listed below. 1 - Purchase Price: Before signing up a deal, the parties... Read More

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