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Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 2 weeks agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week agoThe SBA is authorized to audit all PPP Loan borrowers’ compliance with the eligibility and other requirements established at the time of a borrower’s < ...
PPP fraud investigation by state watchdog finds $7.2 million in improper loans
Chicago Sun-Times· 2 weeks agoSince the coronavirus pandemic began here in early 2020, the Office of Executive Inspector General...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 1 week 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 ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 2 weeks 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. Lenders have felt ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 2 weeks agoThe PPP was created as part of the CARES Act in response to the COVID-19 crisis. It was designed to help small U.S. companies retain their employees and offset certain operating ...
Department of Justice Ramps Up Investigations of Private Clubs that Received PPP Loans
The National Law Review· 2 weeks agoThe PPP’s hurried implementation, coupled with confusion among recipients over eligibility requirements, created an environment ripe for both fraud and the issuance of loans ...
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 2 weeks 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 ...
Brevard Co. consultant faces wire fraud charges tied to PPP loan
Florida Politics· 6 days agoIn a nine-page federal indictment, prosecutors say Burns sometime before April 2021 “knowingly...
PPP Fraud and Appeals Update
The National Law Review· 2 weeks 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 ( ...
