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

     The National Law Review· 7 days ago

     From April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck ...

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

     The National Law Review· 3 days ago

     ...published by the US Small Business Administration (SBA) on April 2.1 Impacted businesses include banks, investment companies, passive real estate investment companies and speculative trading...measures enacted by Congress under the CARES Act to provide small businesses with support to cover...

3. • SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act

     The National Law Review· 3 days ago

     The PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that, if ...

4. • COVID-19: Understanding the Borrower Certification Requirements under the Paycheck Protection...

     The National Law Review· 2 days ago

     Under the CARES Act, an “eligible recipient” was always a broader definition than the “small business concern” that is normally the standard needed to qualify ...

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

     New Hampshire Union Leader, Manchester via Yahoo Finance· 3 days ago

     Apr. 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 ...

6. • 

     Florida school teacher hit with $20,000 bill for loan he never took out

     WKMG ClickOrlando· 4 days ago

     Timothy Bunnell, a robotics elementary school teacher in Lake County and a longtime Disney cast...

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

     JD Supra· 4 days ago

     Loan 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 ...

8. • Part III: The RESTART Act and the Long-term Recovery Sector Loan Program

     The National Law Review· 2 days ago

     ...The second part of this Alert details the proposed “Long-term Recovery Sector Loan” program introduced in late July by Senators Marco Rubio (R-FL) and Susan Collins (R-ME) in proposed legislation titled the Continuing Small Business Recovery and Paycheck Protection Program Act.

9. • 

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

     Denver Post· 4 days ago

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

10. • Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program

      The National Law Review· 6 days ago

      On April 28, 2020, Treasury Secretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million ...