Search results
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 ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 2 weeks agoWhile the term of the “Covered Period” for loan forgiveness has not changed – this is still the eight-week period that starts on the first date of disbursement of the < ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 6 days agoThe first part of the alert discusses the Reviving...introduced by Senators Michael Bennet (D-CO) and Todd Young (R-IN) in May, which gained a significant...The RESTART Act ...
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 ...
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 days following the ...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 1 week agoLate 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 form (Revised Application ...
Federal Reserve Announces Updated Guidance Regarding Main Street Lending Program for Small and...
The National Law Review· 1 week agoThere may be additional guidance in the future from the Federal Reserve and other government agencies that may change or enhance this guidance. The Federal Reserve previously ...