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Paycheck Protection Program (PPP) Update – SBA Withdraws Loan Necessity Questionnaire

The Paycheck Protection Program (PPP) officially ended on May 31, 2021. From April 2020 through May 2021, the program provided approximately 12 million loans totaling nearly $800 million that helped businesses keep their...more

Paycheck Protection Program Update – SBA Issues Guidance on Loan Forgiveness and Loan Review Procedures

CARES Act and PPPHCE Act - On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing emergency economic stimulus to small businesses and certain eligible recipients in response to the...more

SBA Offers Safe Harbor on PPP Good Faith Certifications of Necessity

When submitting a Paycheck Protection Program (PPP) loan request, medical providers and all other borrowers must certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the...more

CARES Act & New, Expanded Small Business Lending (Update #2)

This article has been revised to include updates to the Paycheck Protection Program FAQs, the Small Business Administration’s Franchise Directory, and additional FAQs related to faith-based organizations. On March 27, 2020,...more

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