Many small businesses continue to face uncertainty over whether the Small Business Administration (SBA) will grant forgiveness of their Paycheck Protection Program (PPP) loans. Despite the vast majority of small businesses...more
Last year, we published an article titled “What to Do if Your PPP Forgiveness Application Is Denied.” Today, we share some insights into the Paycheck Protection Program (PPP) and appeals process based on our representation of...more
The Small Business Administration’s (SBA) public data indicates that more than 98% of the total Paycheck Protection Program (PPP) loan value requested to be forgiven by borrowers has been forgiven by the SBA (approximately...more
The COVID-19 relief bill opens the door to new aid for small businesses under the Paycheck Protection Program (PPP). This is welcome news to small businesses throughout the country, but—as detailed below—there are significant...more
12/28/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Federal Loans ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Loans ,
Trump Administration
The Small Business Administration (SBA) has released two loan necessity questionnaire forms (Form 3509 for for-profit borrowers and Form 3510 for nonprofits) for lenders to transmit to certain Paycheck Protection Program...more
Join McDermott and BDO on Thursday, August 20 to hear about the latest updates concerning the Paycheck Protection Program (PPP). Our multi-disciplinary panel will cover the most pressing issues as of August 2020,...more
8/19/2020
/ Acquisitions ,
Audits ,
Borrowers ,
Continuing Legal Education ,
Errors and Omissions Policy ,
Federal Loans ,
Insurance Industry ,
Legislative Agendas ,
Lenders ,
Loan Applications ,
Loan Forgiveness ,
Mergers ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business ,
Small Business Loans ,
Tax Planning ,
Webinars