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1. • Top 10 Insights from the SBA’s PPP Loan Forgiveness Application

     The National Law Review· 2 weeks ago

     While 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 < ...

2. • SBA Provides Safe Harbor For Certifying Need For PPP Loans

     The National Law Review· 1 week ago

     New SBA guidance says PPP borrowers of under $2 million are granted safe harbor and deemed to have made required good-faith certification ...

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

     JD Supra· 1 week ago

     The SBA is authorized to audit all PPP Loan borrowers’ compliance with the eligibility and other requirements established ...

4. • The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra

     JD Supra· 2 weeks ago

     Four years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small Business Administration ...

5. • 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...tasked with serving as conduits for distributing $349 billion in federal loan funds made available for the PPP

6. • 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 ...

7. • 

     Banks Push the Envelope in COVID-19 Climate

     New Jersey Business Magazine· 2 weeks ago

     On the commercial assistance side of the ledger, New Jersey banks have (at press-time), helped businesses by making a total of 124,489 Paycheck...

8. • What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act

     The National Law Review· 1 week 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...

9. • PPP Fraud and Appeals Update

     The National Law Review· 2 weeks ago

     While 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic Injury Disaster ...

10. • PPP Compliance Considerations for Federal Funding Novices

      The National Law Review· 2 weeks ago

      While the quick action by the...responsible for implementing this massive new program, the Small Business Administration (“SBA”), has had to play catch-up to issue guidance ...