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Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 2 days agoAt least some financial markets and funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under ...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 21 hours agoThe SBA’s press release also announced the SBA will “soon issue regulations and guidance to further assist borrows as they complete their applications, ...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 3 days agoLate in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application form (Revised Application ...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 days agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection ...
Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program
The National Law Review· 5 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...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 3 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· 5 days ago...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 Act might not be adversely...
PPP Fraud and Appeals Update
The National Law Review· 6 days agoWhile 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic ...
PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 days agoIn March of this year, the SBA began referring around $20 billion in delinquent PPP Loans with balances of less than $100,000 to the Treasury Department for collection, and ...
Federal Reserve Announces Updated Guidance Regarding Main Street Lending Program for Small and...
The National Law Review· 3 days agoThe Federal Reserve previously announced that it will establish a $600 billion Main Street Lending Program (Main Street Program) to support lending to small ...
