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SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 12 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 ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 3 days agoThe 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 ...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 16 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 < ...
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 ...
Miami-area attorney was charged with fiancé in pandemic fraud case. A judge acquitted her
Miami Herald via Yahoo News· 2 weeks agoProsecutors accused Tollinchi of fabricating loan applications for four businesses: The Technical...
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 Compliance Considerations for Federal Funding Novices
The National Law Review· 4 days agoWhile the quick action by the government has put money quickly into the hands of small businesses, the government agency responsible for implementing this massive new program, the Small Business ...
Paycheck Protection Program Rebooted
The National Law Review· 3 days agoThe Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and Second Draw < ...
2 Tuscaloosa men sentenced for COVID-19 program fraud
WBRC Fox 6 Birmingham· 2 weeks agoTwo men in Tuscaloosa were sentenced in unrelated cases for their roles in defrauding a COVID-19...
