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Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 7 hours agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 5 hours agoThe first part of the alert discusses the Reviving the Economy...supporting the legislation. The RESTART Act’s primary appeal is that it is a long-term loan program available ...
Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures
The National Law Review· 1 day 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 ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 5 days agoOn May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 8 hours 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 ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 2 days agoPPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent PPP Loans involving higher balances ...
Analysis | The bad talking point comparing student loan forgiveness to PPP loans
Washington Post· 6 days agoThe evidence is less than compelling when it comes to comparisons between President Biden’s student-loan forgiveness and the Paycheck Protection Program ...
GOP lawmaker complaining about student debt relief gets a brutal reminder from White House
The Raw Story· 5 days agoA Republican lawmaker complained about student loan forgiveness, only to have the White House remind...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 2 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 ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 4 days ago...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 an...
