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COVID-19: PPP Loan Forgiveness Application Released
The National Law Review· 21 hours agoFor the basic requirements regarding loan forgiveness, please click here to view our alert on that topic. Despite the critical importance of forgiveness ...
SBA Issues Fresh Guidance and Streamlined Forgiveness Application
The National Law Review· 4 days agoOn June 16, the Small Business Administration released an updated PPP Loan Forgiveness Application (SBA Form 3508) and a simplified version ...
Inside the CARES Act: COVID-19 Loan Forgiveness Relief—a Section 1106 Primer
The National Law Review· 6 days agoSection 1106 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides loan forgiveness for certain qualifying Small Business Administration ...
Current PPP Borrowers: What Do I Need to Know about the Economic Aid Act?
The National Law Review· 6 days agoIn addition, on December 9, 2020, the SBA issued additional guidance (FAQ 53) associated with its review of loan forgiveness applications ...
Computational Framework for Determining Number of Employees for Eligibility, Qualifying Loan Amount...
The National Law Review· 6 days agoThe below Computational Framework equips PPP applicants with detailed guidance on calculating (i) the total number of employees for eligibility, (ii) the maximum loan amount ...
SBA Issues Interim Rule and Guidance to CARES Act Paycheck Protection Program
The National Law Review· 2 days agoYesterday evening, the SBA posted an Interim Final Rule for the Paycheck Protection Program (“PPP”). This is not the final rule, but it provides changes to the Paycheck Protection ...
The CARES Act: How <500 Employee Small Businesses Can Stay Afloat Via The Paycheck Protection Loan...
The National Law Review· 3 days agoIn this guide, we will help you determine if a PPP loan is the right option for your business and how to prepare for the application process while we await application guidance ...
SBA Change of Control Guidance Does Not Work for Insolvent PPP Borrowers
The National Law Review· 3 days agoThis article focuses on the recent “change of control” guidance1 issued by the SBA to its PPP2 lenders (the “Guidance”) and, more specifically, how that Guidance affects insolvent ...
SBA Rolls Out Paycheck Protection Program
The National Law Review· 4 days agoOn April 2, 2020, the Small Business Administration (SBA) issued an Interim Final Rule aimed at clarifying previous guidance related to the PPP. Application Form...is a revised ...
PPP Update: Loan Necessity Questionnaires
The National Law Review· 3 days agoThe U.S. Small Business Administration (SBA) will require Paycheck Protection Program (PPP) lenders to issue “loan necessity” questionnaires to all borrowers ...