News & Insights

May 26 2020

Marie Tomassi Discusses Legal Recruiting Amid COVID-19 for Tampa Bay Business Journal

By Trenam News News

Marie Tomassi lent her perspective to the Tampa Bay Business Journal for a May 22, 2020 feature on how Tampa law firms are handling recruiting during and following COVID-19. “I think you’ll see a little less risk taking, unless (the candidate) fits a particular area that’s hard to place or…

May 26 2020

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Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities

By Trenam News COVID-19 Legal Updates

Simultaneously with issuing its Interim Final Rule of PPP Loan Forgiveness on Friday night, May 22, 2020, the Small Business Administration (the “SBA”) issued guidance on the review procedures for PPP loans and related obligations of borrowers and lenders, in the form of another Interim Final Rule (the “Review Procedures…

May 26 2020

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SBA and Treasury Finally Issue Interim Final Rule on PPP Loan Forgiveness

By Trenam News COVID-19 Legal Updates

Around or after 10:00 pm on the evening of Friday, May 22, 2020, the Small Business Administration (“SBA”) and the Treasury Department issued an Interim Final Rule on PPP Loan Forgiveness (the “Forgiveness IFR”). This Rule confirmed much of the guidance previously issued by the SBA in its forgiveness Application,…

May 19 2020

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Trenam’s Newest Shareholder and Associates Featured in Business Observer

By Trenam News News

The latest additions to Trenam Law were featured in Business Observer on May 18, 2020. Fredrick McClure has joined the firm’s commercial litigation group as a shareholder, while Brian Tunis joins the business transactions group and Alexander Zesch practices in the bankruptcy and creditors’ rights group. All three will practice…

May 18 2020

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PPP Loan Forgiveness Application Release

By Trenam News COVID-19 Legal Updates

Late on Friday, May 15, 2020, the Treasury Department and Small Business Administration issued the much awaited Form 3245, Loan Forgiveness Application (the “Application”) with instructions. For a copy of the Application and to view the press release, click here. We are continuing to evaluate the Application, and will provide…

May 13 2020

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New Paycheck Protection Program Loan Guidance

By Trenam News COVID-19 Legal Updates

On May 13, 2020, the SBA issued additional guidance on the PPP loan “necessity” certification. This new guidance reverses course from the broadly worded original guidance, which was interpreted by many to mean that all borrowers of PPP loans needed to be worried, to exempt from SBA scrutiny any borrower…

May 05 2020

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Patrick Causey Outlines What to Include in Your Business Contract in TBBW Magazine

By Trenam News Litigation and Dispute Resolution, News

Originally published in the May 2020 issue of Tampa Bay Business & Wealth Magazine. Whether you work for a Fortune 500 company, or you own a small business, odds are you enter into contracts on a regular basis. In an ideal world, these contracts cover every important detail of the…

May 05 2020

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Companies Whose PPP Loans Are Forgiven Will Lose Tax Deductions

By Trenam News COVID-19 Legal Updates, Tax

Typically, when a business obtains a loan, the loan proceeds are not includable in the gross income of the borrower for tax purposes at the time of the loan. Generally, the loan proceeds can then be spent for any business purpose (subject to loan covenants). Throughout the life of the…

May 05 2020

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A Look at the Furnisher Requirements Imposed by the Fair Credit Reporting Act

By Trenam News Litigation and Dispute Resolution, News

Originally published in the May/June 2020 issue of The Florida Bar Journal. Consumers’ lives can be seriously affected by the information included on their credit reports: bad scores can mean higher loan interest rates or denials of mortgage refinancing plans or other loans altogether. The information on consumers’ credit reports…

May 04 2020

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Stephanie Lieb Discusses Bankruptcy Outlook in Tampa Bay Times

By Trenam News Bankruptcy and Creditors' Rights, COVID-19 Legal Updates

Stephanie Lieb spoke with the Tampa Bay Times for its May 2, 2020 story on the economic impact COVID-19 is having on Florida, and she addressed the potential rise in bankruptcies in the coming months. Industries that were already teetering, like retail and restaurants, were hit hard by the shutdown,…

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