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SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 6 days agoThe PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that, if the applicable conditions ...
Banks Push the Envelope in COVID-19 Climate
New Jersey Business Magazine· 2 weeks agoWhen it comes to philanthropic initiatives during the COVID-19 pandemic, New Jersey’s financial institutions are pushing the envelope in terms of care to...
Funding Circle gets final nod for SBA 7(a) loans amid pushback
Banking Dive via Yahoo Finance· 2 weeks agoThe London-based company received final approval to proceed with the 7(a) lending program around...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 7 days agoAs noted in a prior Katten Financial Markets and Funds advisory, the PPP was one of several measures enacted by Congress under the CARES Act to provide small businesses with ...
NH man agrees to sell yacht bought with COVID-19 funds, hand over proceeds to government
New Hampshire Union Leader, Manchester via Yahoo Finance· 6 days agoApr. 16—A New Hampshire man accused of fraudulently obtaining more than $340,000 in COVID-19 government loans and using the money to buy a yacht has agreed ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 2 weeks agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small Business< ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week agoThere is growing concern among PPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 1 week agoLenders have felt the urgency in which business applicants wish to obtain loan funds to maintain payroll and business operations during ...
COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...
The National Law Review· 6 days agoUnder the CARES Act, an “eligible recipient” was always a broader definition than the “small business concern” that is normally the standard needed to qualify for a
Baltimore’s port is mostly shut down. Small businesses feel the strain.
The Baltimore Banner· 2 weeks agoMarquez is among more than 1,000 small-business owners and nonprofits who’ve turned to the U.S....