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

     The National Law Review· 6 days ago

     (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period” for loan forgiveness has ...

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

     JD Supra· 3 days ago

     The SBA is authorized to audit all PPP Loan borrowers’ compliance with the eligibility and other requirements established at the time ...

3. • Latest Guidance on Paycheck Protection Loan Program under the CARES Act

     The National Law Review· 4 days ago

     Late in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application

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

     The National Law Review· 4 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.

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

     The National Law Review· 2 days ago

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

6. • Overview of the CARES Act's Paycheck Protection Loan Program

     The National Law Review· 3 days ago

     Among the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349 billion forgivable business loan program ...

7. • The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra

     JD Supra· 1 week ago

     Four years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small Business Administration ...

8. • Paycheck Protection Program Rebooted

     The National Law Review· 6 days ago

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

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

     The National Law Review· 7 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 ...

10. • Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures

      The National Law Review· 3 days ago

      The 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 ...