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SBA Releases Questionnaire for PPP Economic Necessity Certification for Borrowers of $2 Million or Greater

All applicants for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act were required to certify in good faith that current economic uncertainty made the PPP loan...more

SBA Simplifies Forgiveness Process for Borrowers With PPP Loans of $50,000 or Less

The Small Business Administration (SBA) issued a new interim final rule (IFR) for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) yesterday....more

Updated PPP Loan Forgiveness Application and EZ Loan Forgiveness Application Now Available

The SBA has released an updated loan forgiveness application and instructions for the Paycheck Protection Program (“PPP”) to account for certain changes made in the Paycheck Protection Program Flexibility Act of 2020 (the...more

Congress Passes Legislation Extending PPP Forgiveness Period

Last night the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) that is expected to be signed into law by President Trump today. ...more

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