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PPP Update: Loan Necessity Questionnaires
The National Law Review· 2 weeks agoThe U.S. Small Business Administration (SBA) will require Paycheck Protection Program (PPP) lenders to issue “loan necessity” questionnaires ...
COVID-19: PPP Loan Forgiveness Application Released
The National Law Review· 2 weeks agoFor the basic requirements regarding loan forgiveness, please click here to view our alert on that topic. Despite the critical importance of forgiveness, the process for applying ...
PPP Loan Investigations and Prosecutions are on the Rise | JD Supra
JD Supra· 2 weeks agoThe PPP aimed to help businesses navigate the pandemic by providing financial assistance to employers. PPP loans required 60% of the loan
3 Utahns accused of running COVID-19 relief fraud scheme face federal charges
KTVX via Yahoo News· 11 hours agoThe DOJ said Mehlbauer, Lopez and Bolton applied for several PPP loan and loan forgiveness ...
The CARES Act: How <500 Employee Small Businesses Can Stay Afloat Via The Paycheck Protection Loan...
The National Law Review· 2 weeks agoIn this guide, we will help you determine if a PPP loan is the right option for your business and how to prepare for the application ...
SBA Change of Control Guidance Does Not Work for Insolvent PPP Borrowers
The National Law Review· 2 weeks agoThis article focuses on the recent “change of control” guidance1 issued by the SBA to its PPP2 lenders (the “Guidance”) and, more specifically, how that Guidance affects insolvent ...
Treasury Issues Guidance on How to Calculate Maximum Loan Amount for PPP
The National Law Review· 1 week agoApril 24, 2020 PAYCHECK PROTECTION PROGRAM HOW TO CALCULATE MAXIMUM LOAN AMOUNTS – BY BUSINESS TYPE The Small Business Administration (SBA), in consultation ...
FTC fines fintechs Biz2Credit, Womply $59M over PPP actions
Banking Dive via Yahoo Finance· 1 week agoThe agency claimed Biz2Credit misrepresented the timeline for application processing, and Womply had...
Las Vegas Man Sentenced to Prison for COVID-19 Relief Loan Scheme Committed While on Supervised...
Sierra Sun Times· 2 weeks agoAccording to...
SBA Issues Interim Rule and Guidance to CARES Act Paycheck Protection Program
The National Law Review· 2 weeks agoYesterday evening, the SBA posted an Interim Final Rule for the Paycheck Protection Program (“PPP”). This is not the final rule, but it provides changes ...
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