The Paycheck Protection Program has been seen as a lifeline for many businesses nationwide. Josh Steele, a partner in the Harris Beach Labor & Employment group and CARES Act team member has counseled clients throughout the...more
2/8/2021
/ Borrowers ,
CARES Act ,
Eligibility ,
Fraud ,
Guidance Update ,
Investigations ,
Loan Applications ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business Loans
The U.S. Small Business Administration (SBA) has begun to issue loan necessity questionnaires to Payroll Protection Program (PPP) borrowers, adding clarity to the good faith certification they required with initial...more
On June 11, 2020, the Small Business Administration issued amending key provisions of its April 2, 2020 Interim Final Rules on the Paycheck Protection Program (“PPP”), including provisions addressing loan maturity, deferral...more
On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”), which makes several critical changes to the Paycheck Protection Program (“PPP”) that should provide relief to many...more
6/10/2020
/ Borrowers ,
CARES Act ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Taxes ,
SBA ,
Small Business ,
Small Business Loans ,
U.S. Treasury
On late Friday, May 15, 2020, U.S. Department of the Treasury and SBA issued the Paycheck Protection Program Loan Forgiveness Application. The application consists of four components: (1) the PPP Loan Forgiveness Calculation...more