Entries by Debora

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Eagle Bank provides COVID-19 emergency services

NUCA of Metro DC Founding Member, Eagle Bank has been busy helping other NUCA members and clients during this challenging time. In deploying more than 70 Bank specialists to support efforts being made by Eagle Bank’s Small Business Lending Group, they were able to process over 1330 applications for the Paycheck Protection Program (PPP) – […]

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COVID-19 and Excusable Delay on Public Projects in DC, MD, VA

COVID-l9 and Excusable Delay on Public Projects 042020 COVID-l9 and Excusable Delay on Public Projects in the District of Columbia, Maryland and Virginia By Gina L. Schaecher and Eric S. Lammers, Rees Broome, P.C. While COVID-I9 stay-at-home orders have not shut down all construction projects in the District of Columbia, Maryland and Virginia, the impacts […]

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DC Water saves $50 million; refunds nearly $300 million in utility bonds

While keeping on top of the pandemic response, DC Water last week capitalized on the volatile investment market, saving $50 million by refinancing Series 2012 A and C subordinate-lien bonds.DC Water completed the Series 2022 Forward Direct Purchase with JP Morgan through DNT Asset Trust to refund almost $300 million in outstanding debt. The transaction […]

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SBA halts new applications for COVID-19 assistance loans

Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. To learn […]

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Extended State of Emergency & Health Order in DC

On April 15, 2020, DC Mayor Muriel Bowser issued Mayor’s Order 2020-063 to extend the state of emergency and public health emergency for Washington, DC through May 15, 2020, as the District continues to fight the spread of the coronavirus (COVID-19). The Mayor extended the emergencies and issued new health and safety requirements in an […]

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District of Columbia Stay at Home Order

DC Mayor’s Order 2020-054 Stay at Home On Tuesday, March 24, 2020, Mayor Muriel Bowser declared the closure  of all non-essential businesses and prohibiting gatherings of 10 or more people, effective from March 25 at 10:00 PM through April 24, 2020. Non-essential businesses include tour guides and touring services; gyms, health clubs, spas, and massage […]

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Virginia Stay At Home Orders

On March 23, 2020, Governor Northam issued an order limiting public gatherings and events to 10 or fewer people and encouraging social distancing. The order went into effect at 11:59 PM on March 24 and currently remains in place until April 23, 2020. Under the order, recreational and entertainment businesses must close, and restaurants and […]