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SBA Change of Control Guidance Does Not Work for Insolvent PPP Borrowers
The National Law Review· 2 weeks agoThis article focuses on the recent “change of control” guidance1 issued by the SBA to its PPP2 lenders (the “Guidance”) and, more specifically, how that Guidance affects insolvent ...
PPP Update: Loan Necessity Questionnaires
The National Law Review· 2 weeks agoThe U.S. Small Business Administration (SBA) will require Paycheck Protection Program (PPP) lenders to issue “loan necessity” questionnaires ...
The CARES Act: How <500 Employee Small Businesses Can Stay Afloat Via The Paycheck Protection Loan...
The National Law Review· 2 weeks agoIn this guide, we will help you determine if a PPP loan is the right option for your business and how to prepare for the application ...
SBA Issues Fresh Guidance and Streamlined Forgiveness Application
The National Law Review· 2 weeks agoOn June 16, the Small Business Administration released an updated PPP Loan Forgiveness Application (SBA Form 3508) ...
COVID-19: PPP Loan Forgiveness Application Released
The National Law Review· 1 week agoFor the basic requirements regarding loan forgiveness, please click here to view our alert on that topic. Despite the critical importance of forgiveness, the process for applying ...
They Know What You Did Last Summer: DOJ Announces First Civil Settlement Involving PPP Borrower
The National Law Review· 2 weeks agoThe long-anticipated wave of civil enforcement actions involving participants in the Paycheck Protection Program (PPP) has begun. SlideBelts and Taylor agreed to pay US$100,000 ...
Treasury Issues Guidance on How to Calculate Maximum Loan Amount for PPP
The National Law Review· 1 week agoApril 24, 2020 PAYCHECK PROTECTION PROGRAM HOW TO CALCULATE MAXIMUM LOAN AMOUNTS – BY BUSINESS TYPE The Small Business Administration (SBA), in consultation ...
Companies Agree To Pay Millions To Resolve Paycheck Protection Program Lawsuits
Forbes· 1 week agoThe Federal Trade Commission (FTC) has reached settlements with two companies accused of making fake...
Lambos. Jewels. How ‘easy money’ from Uncle Sam made Miami a feast for PPP fraudsters
Miami Herald via Yahoo News· 4 days agoOf the total, four applications were approved and five were pending approval, while others needed...
PPP Update
The National Law Review· 1 week agoWithin the past week many PPP lenders have begun receiving forgiveness payments. This was good news for the banking industry as the forgiveness payments will allow lenders ...
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