Massachusetts Employers Finally Get Their Reopening Guidance

May 18, 2020, Governor Charlie Baker released more details of a four-phase reopening of the Massachusetts economy, with restrictions beginning to lift immediately in “Phase 1” for the construction and manufacturing industries, as well as certain healthcare services.  The plan for reopening developed by the Reopening Advisory Board includes a number [...]

May 19th, 2020|

PPP Loan Forgiveness Application

On May 15, 2020, the SBA published the PPP loan forgiveness application, form 3508.  You can review the application here. The application includes instructions on completing the form, which a borrower must file with its lending bank in order to apply for PPP loan forgiveness.  The application contains few surprises, [...]

May 19th, 2020|

PPP FAQs Update

  While we await further guidance from the Treasury regarding PPP loan forgiveness, hopefully imminent, the SBA updated its FAQs this week by publishing  FAQs # 46 and 47. FAQ # 46 should provide borrowers, together with their affiliates (if any), who received loans in the original principal amount of [...]

May 15th, 2020|

PPP Update

On May 6, 2020, the Treasury announced that the safe harbor period to return Paycheck Protection Program loans/withdraw applications that do not meet the economic need certification has been extended from May 7, 2020 to May 14, 2020.   Here is the relevant Q and A from the SBA updated [...]

May 8th, 2020|

The Basil Tree Cooks for Those in Need

Our clients are pivoting creatively and with impact during this challenging time.  Corporate catering company The Basil Tree is cooking and delivering meals to those struggling with food insecurity and quarantining due to COVID-19.  Archstone proudly supports The Basil Tree in its campaign to help those in need. The Basil [...]

May 6th, 2020|

PPP Loan Forgiveness Update

Yesterday, the SBA updated its Frequently Asked Questions offering guidance on, among other things, whether a business will be subject to a reduction in PPP loan forgiveness if the business attempts to rehire its employees but one or more employees declines to return to work. Here is the relevant Q [...]

May 4th, 2020|
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