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1. • Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program

     The National Law Review· 2 hours ago

     As 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</ ...

2. • NH man agrees to sell yacht bought with COVID-19 funds, hand over proceeds to government

     New Hampshire Union Leader· 2 hours ago

     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 to sell ...

3. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 16 hours ago

     There 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 ...

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

     The National Law Review· 4 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...

5. • 

     Colorado funeral home operators charged with mishandling corpses now accused of $880K in COVID...

     Denver Post· 24 hours ago

     The indictment said the couple certified on the original loan agreement and amended agreements that...

6. • 

     Funding Circle gets final nod for SBA 7(a) loans amid pushback

     Banking Dive via Yahoo Finance· 6 days ago

     The London-based company received final approval to proceed with the 7(a) lending program around...

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

     JD Supra· 6 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 (SBA< ...

8. • 

     Funeral Home Owners Found with 190 Decaying Bodies Spent $900K in COVID Fraud Scheme: Authorities

     People via Yahoo News· 5 hours ago

     Jon Hallford and Carie Hallford are accused of spending the business relief funds on personal...

9. • 

     Banks Push the Envelope in COVID-19 Climate

     New Jersey Business Magazine· 6 days ago

     When it comes to philanthropic initiatives during the COVID-19 pandemic, New Jersey’s financial institutions are pushing the envelope in terms of care to...

10. • PPP Compliance Considerations for Federal Funding Novices

      The National Law Review· 5 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 ...