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Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 6 hours agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 2 days agoThere 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 of PPP< ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 7 hours agoLiterally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly to avert a potential ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 5 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 ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 day agoThe PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that...
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· 1 day agoAt least some financial markets and funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 4 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 ...
Brevard political consultant, Space Coast Rocket owner, arrested for alleged PPP loan fraud
Florida Today via Yahoo Finance· 22 hours agoProsecutors say Burns misrepresented his income and submitted false tax documents on loan ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 5 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 ...
