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Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 4 hours agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application and ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 2 hours agoThe RESTART Act’s primary appeal is that it is a long-term loan program available to businesses with revenue losses of at least 25% and a forgiveness component if certain ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 day 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 are met – including ...
Overview of the CARES Act's Paycheck Protection Loan Program
The National Law Review· 1 day 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 ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 2 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 ...
iBusiness Funding Breaks Company Record with Over $100MM of SBA 7(a) Loans Processed and Funded in...
The Harrisonburg Daily News-Record· 2 days agoFORT LAUDERDALE, Fla., April 16, 2024 /PRNewswire/ -- iBusiness Funding, a trailblazer in SBA and business lending solutions, is proud to announce a record-setting quarter ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 5 days agoWhile the term of the “Covered Period” for loan forgiveness has not changed – this is still the eight-week period that starts on the first date of disbursement of the PPP ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 1 day agoAs noted in a prior Katten Financial Markets and Funds advisory, the PPP...
COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...
The National Law Review· 20 hours 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 loan guaranteed ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 5 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"). Over 4,600 ...