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1. • Top 10 Insights from the SBA’s PPP Loan Forgiveness Application

     The National Law Review· 6 days ago

     On May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...

2. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 3 days ago

     There 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 ...

3. • Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness

     The National Law Review· 22 hours ago

     Treasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application

4. • 

     3 former St. Louis-area women accused of pandemic loan fraud

     KTVI via Yahoo Finance· 3 days ago

     Louis and one on Scott Air Force Base in Illinois. No such businesses existed. The women filed phony...

5. • SBA Provides Safe Harbor For Certifying Need For PPP Loans

     The National Law Review· 3 days ago

     New 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 ...

6. • IRS Confirms PPP-Funded Expenses Are Non-Deductible

     The National Law Review· 23 hours ago

     Literally 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 ...

7. • SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act

     The National Law Review· 2 days ago

     Act, passed to address the economic impacts of the ongoing COVID-19 pandemic. The PPP is intended to provide an incentive to small businesses to retain their workers during ...

8. • Small Business ERTC Deadline, Pandemic Relief Fund Application Service Updated

     Digital Journal· 9 hours ago

     All employers are encouraged to take the eligibility assessment, even if they were previously disqualified, or have already received loans through the Paycheck Protection Program (PPP ...

9. • If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants

     The National Law Review· 6 days ago

     The 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 ...

10. • Paycheck Protection Program Rebooted

      The National Law Review· 5 days ago

      The Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and Second Draw < ...