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PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week 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 ...
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). While the term of the “Covered Period ...
Department of Justice Ramps Up Investigations of Private Clubs that Received PPP Loans
The National Law Review· 2 weeks agoThe PPP’s hurried implementation, coupled with confusion among recipients over eligibility requirements, created an environment ripe for both fraud and the issuance of loans ...
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. Individual circumstances ...
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 ...
PPP Fraud and Appeals Update
The National Law Review· 2 weeks agoWhile 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) are ( ...
Paycheck Protection Program Rebooted
The National Law Review· 2 weeks agoThe Small Business Administration and Department of the Treasury have issued two Interim Final Rules (IFR) (First Draw PPP Loan IFR and Second Draw < ...
Brevard political consultant, Space Coast Rocket owner, arrested for alleged PPP loan fraud
Florida Today via Yahoo Finance· 1 week agoProsecutors say Burns misrepresented his income and submitted false tax documents on loan...
Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt...
Los Angeles Times· 1 week agoYou may have noticed over the last few days that the political world is in an uproar over President...
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 2 weeks agoWhile the quick action by the government has put money quickly into the hands of small businesses, the government agency responsible for implementing this massive new program, the Small Business ...