Aug 10, 2020 | Coronavirus and business
The Small Business Administration (SBA) issued a procedural Notice to lenders outlining the process of applying for forgiveness for their borrowers. SBA will be accepting Paycheck Protection Program (PPP) loan forgiveness applications submitted by lenders on its...
Jun 8, 2020 | Coronavirus, Coronavirus and business
On Friday, June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”), amending several provisions of the CARES Act. The PPP Flexibility Act provides borrowers with greater flexibility in how they...
Jun 3, 2020 | Coronavirus, Coronavirus and business
**UPDATED September 2, 2020** Hours before Florida’s moratorium on evictions and foreclosure was slated to expire – Governor Ron DeSantis signed another extension order to 12:01 a.m. on Oct. 1, 2020. The order applies only to the “final action” and not for reasons...
May 28, 2020 | Coronavirus, Coronavirus and business
Over the past ten days, the Small Business Administration (SBA) has issued guidance to borrowers under the Paycheck Protection Program (PPP) , including the following: On May 18, 2020 the SBA issued the Paycheck Protection Program Forgiveness Application, which...
May 15, 2020 | Coronavirus, Coronavirus and business, Coronavirus and Real estate
Governor Ron DeSantis has once again extended his prior order, which suspends mortgage foreclosures and evictions, until 12:01 a.m. on June 2, 2020. The governor’s original executive order on the issue was signed on April 2 and would run through May 17. Although...
May 14, 2020 | Coronavirus, Coronavirus and business
On May 13, 2020, the Small Business Administration (SBA) issued guidance regarding the required borrower’s certification under the Paycheck Protection Program (“PPP”) that is great news for loans under $2 million, good news for loans over $2 million, and still leaves...
