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SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 16 hours 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 ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 3 days agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period ...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 20 hours agoLate in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application form (Revised < ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 2 days agoRecent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 3 days agoSecretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million made pursuant to the Paycheck Protection Program (“PPP ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 5 days agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small Business Administration ...
PPP fraud investigation by state watchdog finds $7.2 million in improper loans
Chicago Sun-Times· 5 days agoSince the coronavirus pandemic began here in early 2020, the Office of Executive Inspector General...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 4 days agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ("PPP"). Over 4,600 ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 3 days ago... 3, 2020, the SBA issued several new questions and answers to their SBA CARES Act FAQs, including Question #40, which indicated that an employer’s ability to obtain forgiveness of a Paycheck Protection Program (“PPP”) loan under the CARES Act might not be adversely affected as a result of an...
PPP Fraud and Appeals Update
The National Law Review· 4 days agoWhile 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) are ( ...
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