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Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 6 days agoWhile the term of the “Covered Period” for loan forgiveness has not changed – this is still the eight-week period that...first date of disbursement of the ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 23 hours agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan
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.
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 days agoThe SBA is authorized to audit all PPP Loan borrowers’ compliance with the eligibility and other requirements established at the time ...
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 2 days agoThe rule does not provide a time frame within which a business must submit the loan forgiveness application. The rule does clarify that ...
Overview of the CARES Act's Paycheck Protection Loan Program
The National Law Review· 2 days agoAmong the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349 billion forgivable business loan program under the Small ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 days ago... 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection...S. have been tasked with serving as conduits for distributing $349 billion in federal loan funds made available for the PPP, with approximately $296 billion dollars having...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 5 days ago...Group recently described in a blog post, on May 3, 2020, the SBA issued several new questions and answers to their SBA CARES Act FAQs, including Question #40, which indicated that an employer’s ability to obtain forgiveness of a Paycheck Protection Program (“PPP”) loan under the CARES Act might...
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 Business Administration (SBA< ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 5 days agoThe PPP was created as part of the CARES Act in response to the COVID-19 crisis. It was designed to help small U.S. companies retain their employees and offset certain operating ...
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