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1. • If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants

     The National Law Review· 2 weeks ago

     Over 4,600 lenders throughout the U.S. have been tasked with serving as conduits for distributing $349 billion in federal loan funds made available for the PPP< ...

2. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 1 week ago

     PPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third of ...

3. • SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act

     The National Law Review· 1 week ago

     The 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 ...

4. • COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...

     The National Law Review· 1 week ago

     Under 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 ...

5. • 

     Florida school teacher hit with $20,000 bill for loan he never took out

     WKMG ClickOrlando· 2 weeks ago

     Timothy Bunnell, a robotics elementary school teacher in Lake County and a longtime Disney cast...

6. • Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program

     The National Law Review· 2 weeks ago

     The 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 ...

7. • DOJ and Private Whistleblowers Pursue Marijuana-Related Businesses for Alleged Violations of COVID...

     JD Supra· 1 week ago

     The U.S. Department of Justice (DOJ) is investigating cannabis and marijuana-related businesses that allegedly took COVID-19 relief loans in violation of ...

8. • Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program

     The National Law Review· 1 week ago

     As 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 ...

9. • Part III: The RESTART Act and the Long-term Recovery Sector Loan Program

     The National Law Review· 1 week ago

     The first part of the alert discusses the Reviving the Economy Sustainably...Congress supporting the legislation. The RESTART Act’s primary appeal is that it is a long-term loan< ...

10. • JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...

      JD Supra· 2 weeks ago

      Recent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...