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1. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 4 days ago

     There is growing concern among PPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third ...

2. • Top 10 Insights from the SBA’s PPP Loan Forgiveness Application

     The National Law Review· 7 days ago

     On May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...

3. • Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness

     The National Law Review· 2 days ago

     On May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application ...

4. • Small Business ERTC Deadline, Pandemic Relief Fund Application Service Updated

     Digital Journal· 1 day ago

     All employers are encouraged to take the eligibility assessment, even if they were previously...or have already received loans through the Paycheck Protection Program (PPP ...

5. • SBA Provides Safe Harbor For Certifying Need For PPP Loans

     The National Law Review· 4 days ago

     New SBA guidance says PPP borrowers of under $2 million are granted safe harbor and deemed to have made required good-faith certification of necessity. Individual circumstances ...

6. • Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program

     The National Law Review· 6 days ago

     On April 28, 2020, Treasury Secretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million made pursuant to ...

7. • If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants

     The National Law Review· 7 days ago

     The average PPP loan amount so far has been $239,000, though the vast majority of approved loans (70%) have been for $150,000 or less. Lenders have felt ...

8. • SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act

     The National Law Review· 3 days ago

     PPP) portion of the CARES Act, passed to address the economic impacts of the ongoing COVID-19 pandemic. The PPP is intended to provide an incentive to small ...

9. • Paycheck Protection Program Rebooted

     The National Law Review· 6 days ago

     The Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and ...

10. • IRS Confirms PPP-Funded Expenses Are Non-Deductible

      The National Law Review· 2 days ago

      Literally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly ...