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SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 4 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 agoPPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third of PPP Loans ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 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< ...
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 starts on the first date of disbursement of the PPP ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 day agoThe SBA’s press release also announced the SBA will “soon issue regulations and guidance to further assist borrows as they complete their applications, ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 3 days agoRule (IFR) published by the US Small Business Administration (SBA) on April 2.1 Impacted businesses include banks, investment companies, passive real estate investment companies ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 5 days ago...Practice 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...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 2 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...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 1 day agoYou can find Part I (President Trump’s Executive Actions) here and Part II (PPP Revisions and Second PPP Loans) here. The first part of the alert discusses ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 5 days agoRecent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...