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What’s New this Week with PPP Loans? Deadline for Eligible Borrowers is March 31, 2021

The Consolidated Appropriations Act, 2021 (H.R. 133-116) added $900 billion in stimulus relief to the spending packages dedicated to fighting the economic woes wrought by the COVID-19 pandemic. Title III of Division M of the...more

SBA and Treasury Provide Relief to Small Borrowers

On October 8, 2020, the US Small Business Administration (SBA) issued another Interim Final Rule under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This Rule provides immediate relief in the form of a...more

Just 9 (Not 10) Tips to Assist You in Obtaining PPP Loan Forgiveness

Now that the day of reckoning has come – SBA has opened the portal and some banks are beginning to process and submit completed PPP forgiveness applications – what can you do to try to make the process easier for your lender...more

The Paycheck Protection Program Flexibility Act–A Happily Ever After?

Once upon a time, maybe as recently as March 27, 2020, the president signed an artful and rather astounding bill into law—the Coronavirus Aid, Relief, and Economic Security Act. ...more

Paycheck Protection Program Frequently Asked Question 46: “How Will SBA Review Borrowers’ Required Good-Faith Certification...

On May 13, 2020, the United States Small Business Administration (SBA), in consultation with the United States Treasury, released FAQ 46 to provide guidance as to how SBA will be reviewing the certifications that all...more

Summary of Terms for SBA Loans in Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act)

The CARES Act went into effect on Friday, March 27, 2020. The following outline summarizes the Paycheck Protection Program under Title I, Keeping American Workers Paid and Employed Act. The Administrator of the U.S. Small...more

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