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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 < ...
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.
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 2 weeks agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ("PPP< ...
Metropolitan PD Officer and a Maryland Accountant Plead Guilty to COVID Emergency Loan Fraud, Reaped...
Sierra Sun Times· 17 hours agoThe announcement was made by U.S. Attorney Matthew M. Graves, FBI Special Agent in Charge David J....
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 2 weeks agoWhile the quick action by the government has...government agency responsible for implementing this massive new program, the Small Business Administration (“SBA”), has had ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 2 weeks ago... recently described in a blog post, on May 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...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 week agoThe PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 week agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 1 week ago...financial markets and funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (...Final Rule (IFR) published by the US Small Business Administration (SBA) on April 2.1 Impacted businesses include...