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 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