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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 ...
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.
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week agoThe SBA is authorized to audit all PPP Loan borrowers’ compliance with the eligibility and other requirements established at the time ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 2 weeks agoOver 4,600 lenders throughout the U.S. have been tasked with serving as conduits for distributing $349 billion in federal loan funds made available for the PPP< ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 2 weeks agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small Business Administration ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 week agoThe PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that, if the applicable conditions ...
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 1 week 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 ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 7 days agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application
Banks Push the Envelope in COVID-19 Climate
New Jersey Business Magazine· 2 weeks agoOn the commercial assistance side of the ledger, New Jersey banks have (at press-time), helped businesses by making a total of 124,489 Paycheck...
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 2 weeks agoWhile the quick action by the government has...government agency responsible for implementing this massive new program, the Small Business Administration (“SBA”), has had ...