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
Governor Ron DeSantis has 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 DeSantis’ Order...
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...
May 6, 2020 | Coronavirus, Coronavirus and business
On May 5, 2020 the Small Business Administration (SBA) issued additional guidance extending the date to return PPP loan funds based upon a borrower’s re-evaluation of the loan certification from May 7, 2020 to May 14, 2020. This extension essentially gives borrower’s...
May 4, 2020 | Coronavirus, Coronavirus and business
Over the past week both the Small Business Administration (SBA) and the US Treasury have made some significant “clarifications” in the Paycheck Protection Program (“PPP”) created under the CARES Act. The most important of these “clarifications” came in two separate...
Apr 28, 2020 | Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and tax law
Recent Guidance for Small Businesses Applying for PPP Loan As Congress prepares to add an additional $320 billion to the Paycheck Protection Program, which was created under the CARES Act on March 27, 2020, the Small Business Administration, in consultation with the...
