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

     The National Law Review· 11 hours ago

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

2. • If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants

     The National Law Review· 3 days ago

     The average PPP loan amount so far has been $239,000, though the vast majority of approved loans (70%) have been for $150,000 or less. Lenders have felt ...

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

     The National Law Review· 3 days ago

     On May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period ...

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

     The National Law Review· 2 days ago

     ...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 Act might not be adversely affected as a result of an employer being unable,...

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

     JD Supra· 5 days 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 ...

6. • JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...

     JD Supra· 2 days ago

     Recent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...

7. • 

     Florida school teacher hit with $20,000 bill for loan he never took out

     WKMG ClickOrlando· 23 hours ago

     Timothy Bunnell, a robotics elementary school teacher in Lake County and a longtime Disney cast...

8. • PPP Compliance Considerations for Federal Funding Novices

     The National Law Review· 4 days ago

     While the quick action by the government has put money quickly into the hands of small businesses, the government agency responsible for implementing this massive new program, the Small Business ...

9. • 

     Former Cincinnati mayoral candidate sentenced for COVID-19 fraud scheme

     FOX 19 Cincinnati· 7 days ago

     She sought more than $1.2 million in fraud relief, United States Attorney for the Southern District...

10. • 

      Illinois quick hits: 275 cases of PPP wrongdoing found; measure prohibits taxing the dead

      The Center Square· 6 days ago

      The OEIG has concluded of 325 PPP cases, 275 resulted in findings of wrongdoing. The OEIG has...