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Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 6 days agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 4 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 ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 4 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 ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 2 days agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness ...
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 3 days agoThe rule does not provide a time frame within which a business must submit the loan forgiveness application. The rule does clarify that ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 1 week 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 ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 2 days 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 ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 7 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. Lenders have felt ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 5 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· 6 days 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 ...