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SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 3 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.
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 1 week agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 21 hours agoThe 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< ...
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 ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 23 hours agoOn May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan ...
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 ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 days agoLoan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third of PPP Loans showed ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 2 days agoAs noted in a prior Katten Financial Markets and Funds advisory, the PPP...
Overview of the CARES Act's Paycheck Protection Loan Program
The National Law Review· 2 days agoAmong the provisions of the CARES Act is the Paycheck Protection Loan Program (“PPP”), a new $349 billion forgivable business loan program ...
COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...
The National Law Review· 2 days agoUnder the CARES Act, an “eligible recipient” was always a broader definition than the “small business concern” that is normally the standard needed to qualify ...
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