Posted in: Business Services


Paycheck Protection Program, Change of Ownership Requirements

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October 14, 2020 On October 2, 2020, the Small Business Administration (the “SBA”) issued a long-awaited procedural notice (the “SBA Notice”) regarding change of ownership for borrowers that participated in the Paycheck Protection…

Ohio Department of Medicaid Starts Process to Make Telehealth Services Permanent

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September 17, 2020 On September 1, 2020, the Ohio Department of Medicaid (“ODM”) announced it has started the process to make a current temporary rule related to telehealth services permanent. In March 2020, ODM implemented a temporary…

ESOP Grant Act: From Good to Great

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August 12, 2020 The Temporary Federal ESOP Grant Act, S. 4236, introduced on July 21, 2020, and sponsored by Sen. Ron Johnson (R-WI) and Sen. Tammy Baldwin (D-WI), could be a major event for the ESOP community. The major provisions, as currently…

Paycheck Protection Program Amendments Mean More Flexibility for Loan Recipients

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June 8, 2020  On Friday, June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (“Act”). The Act provides much-needed clarifications concerning the Paycheck Protection Program (“PPP”),…

SBA Releases PPP Loan Forgiveness Application: What Borrowers Need to Know

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May 19, 2020  The U.S. Small Business Administration (SBA) recently released the loan forgiveness application which Paycheck Protection Program (PPP) borrowers will use to determine and report to their lender how much of their PPP loan is…

SBA Issues Automatic Safe Harbor for PPP Borrowers Who Received Loans Under $2 Million

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May 14, 2020  On May 13, 2020, the Small Business Administration (SBA) updated its Paycheck Protection Program (PPP) FAQ guidance to explain how it will review the necessity of a business’s PPP funds. This guidance comes as a welcome relief…
Venti-Now President, John Molander

Ohio Nonprofit Develops Mobile Ventilator for COVID-19 Patients

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May 5, 2020 A Cincinnati-based nonprofit corporation, Venti-Now™, has received FDA temporary Emergency Use Authorization to create a portable ventilator to meet the ventilator shortage caused by the COVID-19 pandemic. Venti-Now™,…

Paycheck Protection Program Recipients: Be Prepared to Justify Your Need for Funding

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This article was updated as of 5/6/2020. Now that the funds from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) have started flowing to eligible applicants, businesses have two primary concerns:  (1) was…

Reminder to Cuyahoga County Small and Mid-Sized Businesses: Thursday is the Deadline to Apply for the County’s Grant and Loan Program

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April 22, 2020 Applications for the Cuyahoga County Small Business Stabilization Fund, which can be found here, will be accepted until 5pm on Thursday, April 23, 2020. The fund was created in an effort to assist small, neighborhood-based…

Small and Mid-Sized Business Owners: There’s a New Federal Loan Program Available

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April 21, 2020 As part of the CARES (Coronavirus Aid, Relief, and Economic Security) Act, the Federal Reserve is making low-interest loans available to qualified small and mid-sized U.S.-based businesses impacted by the COVID-19 pandemic. The…
CARES Act

CARES Act: What It Means for Small Businesses

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April 2, 2020  On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act provides significant federal funding and expansions to loan programs already…