Conner and Pearson Quoted in The Hollywood Reporter on SBA Loans in Hollywood

How Hollywood's Small Businesses Can Cash In On Virus Relief Loans
– The Hollywood Reporter

Manatt Entertainment Leader Lindsay Conner and Manatt Financial Services Partner Scott Pearson spoke with The Hollywood Reporter about the availability of SBA loans for small businesses in Hollywood under the CARES Act. In the article, Conner and Pearson noted that the eligibility rules for SBA loans are very complex and that there is a lot of confusion over whether companies backed by private equity or venture capital firms are able to receive relief under the CARES Act. That said, Pearson noted that there has been talk of relaxing rules surrounding these forms of investments, which has “tremendous bipartisan support.” Conner added that “the question of who in Hollywood will benefit will depend on who is nimble enough and persevering enough to get to the right banks and make arrangements in time to get in.”

Read the article here

manatt-black

ATTORNEY ADVERTISING

pursuant to New York DR 2-101(f)

© 2020 Manatt, Phelps & Phillips, LLP.

All rights reserved