CARES Act: Implications for Private Equity Funds and Portfolio Companies

This Client Alert discusses additional guidelines published by the Treasury Department and the Small Business Administration (“SBA”) on Friday, April 24, 2020, which clarify the eligibility of certain businesses for a Paycheck Protection Program (“PPP”) loan under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

READ: CARES Act: Implications for Private Equity Funds and Portfolio Companies