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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 < ...
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 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 ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 1 week 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 ...
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 ...