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SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 6 days agoAct, 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 ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 5 days agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application
Brevard Co. consultant faces wire fraud charges tied to PPP loan
Florida Politics· 4 days agoIn a nine-page federal indictment, prosecutors say Burns sometime before April 2021 “knowingly...
Three Fresno, California Residents, Formerly from the St. Louis Area Accused of Obtaining 11...
Sierra Sun Times· 7 days ago-Maple, 23, Jemyla A. Bell, 38, and Leiah A. Vaughn, 22, were each indicted in U.S. District Court in St. Louis March 27 on two felony counts of wire fraud. The indictment accuses them of submitting ...
COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...
The National Law Review· 6 days agoUnder the CARES Act, an “eligible recipient” was always a broader definition than the “small business concern” that is normally the standard needed to qualify for a loan guaranteed ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 7 days agoAt least some financial markets and funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic ...
Brevard political consultant, Space Coast Rocket owner, arrested for alleged PPP loan fraud
Florida Today via Yahoo Finance· 6 days agoProsecutors say Burns misrepresented his income and submitted false tax documents on loan ...
Overview of the CARES Act's Paycheck Protection Loan Program
The National Law Review· 7 days agoAmong the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349 billion forgivable business loan program ...
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 6 days agoThe rule does not provide a time frame within which a business must submit the loan forgiveness application. The rule does clarify that a lender has 60 ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 5 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 ...