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Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 2 weeks agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 2 weeks 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.
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 2 weeks agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 week 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 ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 2 weeks 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 ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 1 week ago...funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security ...result of an Interim Final Rule (IFR) published by the US Small Business Administration (SBA) on April 2.1 Impacted businesses include banks,...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 week agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 2 weeks 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...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 2 weeks 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 ...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 2 weeks agoLate in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application
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