Photo of Chris Rossi

Chris is the leader of the firm’s Small Business Investment Company (SBIC) practice and is experienced as advising all types of private investment funds throughout their life cycle. He is nationally known for advising on the formation and operations of SBICs and other private funds, including with respect to SBIC licensing and regulatory matters, general partner/limited partner dealings, investment fund principal compensation and planning, private fund adviser operations and regulatory compliance, and corporate governance matters.

General

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created a new program within the U.S. Small Business Administration’s (SBA’s) flagship 7(a) Loan Program called the “Paycheck Protection Program” (PPP). Under the PPP, SBA will guarantee 100 percent of the amounts loaned by participating lenders to certain U.S. small businesses, nonprofit organizations, veterans