The Small Business Administration (SBA) has provided additional guidance in connection with the forgiveness of loans issued under the Paycheck Protection Program (PPP). In an Interim Final Rule, the SBA has provided a...more
10/12/2020
/ Borrowers ,
Coronavirus/COVID-19 ,
Employee Retention ,
Federal Loans ,
Financial Stimulus ,
Loan Forgiveness ,
Loan Payments ,
Paycheck Protection Program (PPP) ,
Payment Terms ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
In its continuing effort to provide guidance on the Paycheck Protection Program, the Small Business Administration (SBA) released new Frequently Asked Questions (FAQs) specifically targeted to the Loan Forgiveness process on...more
8/11/2020
/ Business Expenses ,
CARES Act ,
Compensation & Benefits ,
Coronavirus/COVID-19 ,
Employees ,
Federal Loans ,
Furloughs ,
Loan Forgiveness ,
New Guidance ,
Pay Reductions ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Payroll Taxes ,
Rehiring Issues ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
The Small Business Administration (SBA) has released an updated Loan Forgiveness Application and instructions to incorporate the revisions to the Paycheck Protection Program (PPP) pursuant to the recently enacted Paycheck...more
The Small Business Administration (SBA) has issued revised Interim Final Rules on the Paycheck Protection Program (PPP) to address questions raised by the recent passage of the Paycheck Protection Program Flexibility Act of...more
On Friday, June 5, 2020, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act of 2020, which provides welcome relief to businesses with PPP loans by extending the period for borrowers to use PPP loan...more
On May 22, 2020, the Small Business Administration (SBA) released two new interim final rules to clarify the administration of loans under the Paycheck Protection Program (PPP). The first interim rule confirms the guidance...more
The Small Business Administration (SBA) has released the Loan Forgiveness Application and instructions for the forgiveness of loans under its Paycheck Protection Program (PPP), providing some much-needed clarification on the...more