Shareholder Dayan Rosen
and associate Chris Masterson
authored the client alert, “Main Street Lending Program: Decisions for Boards and Ownership.” This alert summarizes the parameters outlined by the Department of the Treasury and the Federal Reserve for eligible lenders making loans under the Main Street Lending Program.
This memo is designed to highlight some of the key components of the Paycheck Protection Program. In short, the Paycheck Protection Program temporarily permits the Small Business Administration (“SBA”) to guarantee 100% of small business loans to eligible borrowers and provides for forgiveness of up to the full principal amount of qualifying loans so guaranteed. The goal is to provide relief to America’s small businesses quickly in light of the devastating impact of the COVID-19 emergency, utilizing banks, credit unions and possibly other lenders to facilitate funding.
Commercial payors in California are now required to provide reimbursement for telehealth services on the same basis as services provided in-person if the service is the same regardless of the modality of delivery. Further, commercial payors may not subject a covered member to greater cost-sharing for services provided via telehealth than the same services rendered in-person.