Search results
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week agoThere 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 ...
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 ...
Paycheck Protection Program Rebooted
The National Law Review· 2 weeks agoThe Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and ...
PPP fraud investigation by state watchdog finds $7.2 million in improper loans
Chicago Sun-Times· 2 weeks agoSince the coronavirus pandemic began here in early 2020, the Office of Executive Inspector General...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 2 weeks agoThe 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 ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 2 weeks agoOn April 28, 2020, Treasury Secretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million made pursuant to ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 week agoPPP) portion of the CARES Act, passed to address the economic impacts of the ongoing COVID-19 pandemic. The PPP is intended to provide an incentive to small ...
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. Individual circumstances ...
Department of Justice Ramps Up Investigations of Private Clubs that Received PPP Loans
The National Law Review· 2 weeks agoThe PPP’s hurried implementation, coupled with confusion among recipients over eligibility requirements, created an environment ripe for both fraud and the issuance of...among ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 week agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application ...