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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 loans that, if the applicable conditions are met – including ...
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 for a loan guaranteed ...
NH man agrees to sell yacht bought with COVID-19 funds, hand over proceeds to government
New Hampshire Union Leader, Manchester via Yahoo Finance· 2 days agoApr. 16—A New Hampshire man accused of fraudulently obtaining more than $340,000 in COVID-19 government loans and using the money to buy a yacht has agreed ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 days ago...April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection.... have been tasked with serving as conduits for distributing $349 billion in federal loan funds made available for the PPP, with approximately $296 billion dollars...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 2 days agoAs noted in...CARES Act to provide small businesses with support to cover payroll and certain other expenses over the next three months due to the economic effects of the COVID</ ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 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 ...
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 7 days agoWhile 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 ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 6 days agoThe PPP was created as part of the CARES Act in response to the COVID-19 crisis. It was designed to help small U.S. companies retain their employees and ...
Colorado funeral home operators charged with mishandling corpses now accused of $880K in COVID...
Denver Post· 3 days agoThe indictment said the couple certified on the original loan agreement and amended agreements that...
PPP Fraud and Appeals Update
The National Law Review· 7 days agoWhile 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) are (unfortunately) not ...
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