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Banks Push the Envelope in COVID-19 Climate
New Jersey Business Magazine· 1 week 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...
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 & ...
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· 4 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 ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 4 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 ...
White House again weaponizes PPP loans in defense of student-debt relief
Morningstar· 2 weeks 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 ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 7 days agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period ...
Paycheck Protection Program Rebooted
The National Law Review· 6 days agoThe Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 7 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< ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 2 days 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 ...
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