On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPPFA) became law providing additional relief to borrowers under the Paycheck Protection Program (PPP). The PPPFA amends the original Coronavirus Aid,...more
On Friday, May 23, 2020, the Small Business Administration (SBA) released two long-awaited Interim Final Rules (IFR) regarding forgiveness of Paycheck Protection Program (PPP) loans. As with previous PPP IFRs from the SBA,...more
On Friday, May 15, 2020, the Small Business Administration (SBA) published the “Paycheck Protection Program (PPP) Loan Forgiveness Application” to be completed by borrowers to have their PPP loan forgiven.
The Form itself...more
5/19/2020
/ CARES Act ,
Certifications ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Relief Measures ,
SBA ,
SBA Lending Programs
On May 13, 2020, the Small Business Administration (SBA) announced additional guidance regarding the good faith “necessity” certification for Paycheck Protection Program (PPP) loans in the form of a new Frequently Ask...more
On April 23, 2020, the Small Business Administration (SBA), in consultation with the U.S. Department of Treasury, released additional guidance to address borrower and lender questions concerning the implementation of the...more
On March 31, 2020, Governor Greg Abbott issued Executive Order GA-14 (the “Order”) in response to the COVID-19 pandemic. The Order took effect at 12:01 A.M. on April 2, 2020 and is set to expire on April 30, 2020. Pursuant...more
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). One of the objectives of the CARES Act is to provide cash flow to assist small businesses in maintaining...more
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides for mandatory mortgage payment deferrals for both federally-backed single family mortgages and federally-backed multifamily mortgages, as well as...more