The Small Business Administration (SBA) has announced that they will reopen their portal for Paycheck Protection Program (PPP) loans for eligible borrowers beginning the week of January 11, 2021, after being shut down since...more
Over the course of the last week, the Small Business Administration (SBA) has reportedly begun quietly questioning borrowers who had received Paycheck Protection Program (PPP) loans about the “necessity” of their loans. On...more
11/5/2020
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Comment Period ,
Coronavirus/COVID-19 ,
Federal Register ,
For-Profit Corporations ,
Lenders ,
OMB ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
SBA ,
Small Business ,
Supporting Documentation
The U.S. Small Business Administration (SBA) released a procedural notice (the Notice) on October 2, 2020, that describes the process and requirements that Paycheck Protection Program (PPP) borrowers and lenders must follow...more
While debates in Congress continue regarding extending or providing additional COVID-19 relief legislation, the Small Business Administration (SBA), U.S. Department of the Treasury (Treasury), and lenders under the Paycheck...more
This update amends our prior publication on May 4, 2020, titled Federal Reserve Announces Changes to Main Street Lending Program and contains new information based on additional guidance provided by the Federal Reserve on May...more
6/9/2020
/ CARES Act ,
Certification Requirements ,
EBITDA ,
Federal Reserve ,
FRB ,
Guidance Update ,
Lenders ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Midsize and Large Business Loans