Search results
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 7 days agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 4 days 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 of PPP< ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 2 days agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 3 days agoThe rule does not provide a time frame within which a business must submit the loan forgiveness application. The rule does clarify that a lender has 60 ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 2 days agoLiterally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly to avert a potential ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 6 days ago...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 Act might not be adversely affected as a result of...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 4 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. Individual circumstances ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 7 days agoSecretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million made pursuant to the Paycheck Protection Program (“PPP ...
Amici Seek Dismissal of Qui Tam Suit From High Court
The National Law Review· 5 days agoVarious medical, business and legal organizations are asking the US Supreme Court to uphold the dismissal of a False Claims Act (FCA) lawsuit, through submission of a number of amicus curiae ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 6 days 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 ...
