As the government revives its Paycheck Protection Program (PPP) with hundreds of billions of dollars in additional loans available to small businesses, there are fresh signs that government fraud investigations and...more
2/8/2021
/ Borrowers ,
Compliance ,
Coronavirus/COVID-19 ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Eligibility ,
False Claims Act (FCA) ,
FIRREA ,
Fraud ,
Internal Investigations ,
Memorandum of Understanding ,
Paycheck Protection Program (PPP) ,
Risk Factors ,
Safe Harbors ,
SBA ,
Settlement Agreements ,
Whistleblowers
Over the course of the last week, the Small Business Administration (SBA) has reportedly begun quietly questioning borrowers who had received Paycheck Protection Program (PPP) loans about the “necessity” of their loans. On...more
11/5/2020
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Comment Period ,
Coronavirus/COVID-19 ,
Federal Register ,
For-Profit Corporations ,
Lenders ,
OMB ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
SBA ,
Small Business ,
Supporting Documentation
Borrowers that, together with their affiliates, received Paycheck Protection Program (PPP) loans in an aggregate amount less than $2 million will be deemed to have made their certification that the loan was “necessary” in...more
A key feature of the nearly $2 trillion economic stimulus bill signed into law on March 27, 2020, is the creation of a $350 billion “Paycheck Protection Program” (PPP) to authorize loans to businesses affected by the COVID-19...more
4/9/2020
/ Affiliated-Business Arrangements ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
NAICS ,
Office of Hearings and Appeals (OHA) ,
Paycheck Protection Program (PPP) ,
Private Equity Funds ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Venture Capital