by Cary Zimmerman | Jun 19, 2020 | Finance, Government
By Cary Zimmerman On June 16, 2020, the Small Business Administration (SBA) issued a revised forgiveness application for its Paycheck Protection Program (PPP). The original application, on Form 3508, included several components designed to assist a borrower in...
by Jennifer Hart | May 19, 2020 | Finance, Government
By Cary Zimmerman & Jennifer Hart The U.S. Small Business Administration (SBA) released a new Interim Final Rule Monday creating a new safe harbor for applicants with foreign affiliates whose eligibility certifications were technically incorrect. Specifically, it...
by Demetrius Robinson | May 6, 2020 | Finance, Government
By Demetrius Robinson & Kevin O’Connor [5/13/2020 UPDATE: The SBA has issued new FAQ #47 extending the repayment date for the safe harbor to May 18, 2020] The SBA, in consultation with the Treasury Department, has extended the safe harbor date – created to...
by Kevin O'Connor | Apr 27, 2020 | Finance, Government
By Kevin O’Connor In reviewing the materials we’ve sent previously, we thought it might be helpful to focus a bit on three concepts, all of which are vital to understanding the Paycheck Protection Program (PPP) process under the Coronavirus Aid, Relief and Economic...
by Justine Konicki | Apr 21, 2020 | Finance, Government
By Justine Lara Konicki & Peggy Beistel [UPDATED 4/23/2020 @ 6:20 p.m.] In a 388-5 vote, the House has passed expanded funding for the SBA’s Paycheck Protection Program. The $484 billion relief package would replenish the PPP small-business loan program,...