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Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 1 day agoThe first part of the alert discusses the Reviving the Economy ... supporting the legislation. The RESTART Act’s primary appeal is that it is a long-term loan program available ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 1 week agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small & ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 days agoPPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent PPP Loans involving higher balances ...
Department of Justice Ramps Up Investigations of Private Clubs that Received PPP Loans
The National Law Review· 2 weeks agoAs Varnum’s government investigations team has previously discussed, (link) the COVID-era Paycheck Protection Program (PPP) resulted in millions of businesses< ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 3 days 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 ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 1 day agoLiterally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 day agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application and ...
Founder of ‘The Space Coast Rocket’ in Brevard County accused of buying crypto with PPP loans
WKMG ClickOrlando· 8 hours agoThe founder of “The Space Coast Rocket” local news website in Brevard County faces federal charges...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 days agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ("PPP< ...
White House again weaponizes PPP loans in defense of student-debt relief
Morningstar· 1 week agoIt's not the first time the White House has gone down that route, having previously noted the PPP relief of other lawmakers including Rep. Matt Gaetz and Rep. Marjorie Taylor ...
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