The U.S. Department of the Treasury (Treasury) has issued additional guidance to airlines, contractors, and national security firms regarding the loan and loan guarantee programs available to them under Title IV of the CARES Act. For the first time, the Treasury Department has clarified the definition of national security firm. This supplements Treasury’s earlier guidance. Treasury has also established a loan portal for eligible applicants.
The airline and national security loan and loan guarantee programs were previously addressed in our GT Alert, “COVID-19 Federal Legislative Regulatory Economic Stabilization Programs - What Your Business Needs to Know.”
For more information and updates on the developing situation, visit GT’s Health Emergency Preparedness Task Force: Coronavirus Disease 2019.