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Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 6 hours agoII (PPP Revisions and Second PPP Loans) here. The first part of the alert discusses the Reviving...The RESTART Act’s primary appeal is that it is a long-term ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 8 hours agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness ...
COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...
The National Law Review· 24 hours agoUnder the CARES Act, an “eligible recipient” was always a broader definition than the “small business concern” that is normally the standard needed to qualify ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 2 days agoPPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent PPP Loans involving higher balances ...
Paycheck Protection Program Rebooted
The National Law Review· 4 days agoThe Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 2 days agoNew 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 ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 2 days agoAs noted in a prior Katten Financial Markets and Funds advisory, the PPP was one of several measures enacted by Congress under the CARES Act to provide small</ ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 day agoAct, passed to address the economic impacts of the ongoing COVID-19 pandemic. The PPP is intended to provide an incentive to small businesses< ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 5 days agoOn April 28, 2020, Treasury Secretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million ...
Overview of the CARES Act's Paycheck Protection Loan Program
The National Law Review· 2 days agoAmong the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349 billion forgivable business
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