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SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 18 hours 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 ...
Top 10 Insights from the SBA’s PPP Loan Forgiveness Application
The National Law Review· 3 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· 10 hours agoLoan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third of PPP Loans showed signs of potential ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 4 days agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ("PPP"). Over 4,600 ...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 3 days ago...Practice Group recently described in a blog post, 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...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
JD Supra· 5 days agoFour 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< ...
PPP Compliance Considerations for Federal Funding Novices
The National Law Review· 4 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 ...
PPP Fraud and Appeals Update
The National Law Review· 4 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 ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 2 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 centered on PPP applicants ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 3 days agoOn April 28, 2020, Treasury Secretary 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 ...
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