Navigating the CARES Act

Navigating the CARES Act – How to Use the Coronavirus Stimulus Package to Benefit Your Business

An SIIA Webinar

Following passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 25th, SIIA invited the experienced lawyers of Nelson Mullins to provide a deep-dive into the trillion dollar stimulus package – reviewing what’s included, who is eligible, and how to apply.  In particular, the team discussed:

  • Paycheck Protection Program – who is eligible and for how much?
  • Loan Forgiveness – does the PPP have to be paid back?
  • What are allowable uses of PPP loans?
  • Affiliation rules – Does the fact the company is controlled by a private equity firm render them ineligible?
  • Economic Injury Disaster Loan Program – who is eligible and how much?
  • Emergency Grants – request, timing and eligible uses.
  • What are the affiliation rules for the EIDL loans?

Speakers

W. David Mannheim
W. David Mannheim
Partner, Nelson Mullins

David Mannheim focuses his practice in the areas of corporate and securities including IPOs, public offerings, venture capital financings, and private placements. He has experience representing startup companies, assisting with their corporate structure and seed financing as well as representing mature companies in public offerings, acquisitions, and divestitures with a particular interest in life sciences, technology and clean energy companies.

E. Peter Strand
E. Peter Strand
Partner, Nelson Mullins

Peter Strand practices in the area of corporate and securities law. He represents both investment banks and issuers in a wide variety of public and private offerings, including initial public offerings, follow-on offerings, Rule 144A offerings of equity or debt, and Regulation D institutional private offerings. He has worked on numerous offerings for business development companies, banks, financial services companies, REITs and financial technology companies, among others.

Mike Bradshaw
Mike Bradshaw
Associate, Nelson Mullins

Mike Bradshaw is an associate in the Washington, D.C. office of Nelson Mullins Riley & Scarborough LLP, where he practices in the areas of corporate and securities law.