Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans of $2 million or greater. There...more
As per our earlier articles, in late 2020, the SBA began requiring borrowers with First Draw PPP loans $2 million or greater to complete a PPP Loan Necessity Questionnaire (Form 3509 (For Profit Borrowers) or Form 3510...more
As per our earlier articles, in late 2020, the SBA began requiring borrowers with First Draw PPP loans $2 million or greater to complete a PPP Loan Necessity Questionnaire (Form 3509 (For Profit Borrowers) or Form 3510...more
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans of $2 million or greater. There...more
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans of $2 million or greater. There...more
6/3/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Economic Aid Act ,
Information Requests ,
Loan Applications ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
Required Documentation ,
SBA
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans of $2 million or greater. There...more
3/15/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Economic Aid Act ,
Information Requests ,
Loan Applications ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
SBA
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans of $2 million or greater. There...more
2/2/2021
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
Relief Measures ,
SBA ,
Small Business ,
Tax Credits
Forgiveness Applications and the detailed instructions for the revised and updated applications posted on January 19, 2021, as well as other forgiveness procedures as updated by the Economic Aid to Hard-Hit Small...more
1/27/2021
/ Applications ,
Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Disclosure Requirements ,
Economic Aid Act ,
Eligibility ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Questionnaires ,
SBA
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked some Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans over $2 million. There are...more
12/29/2020
/ Applications ,
Borrowers ,
Business Necessity ,
CARES Act ,
Certification Requirements ,
Confidential Information ,
Coronavirus/COVID-19 ,
Financial Institutions ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
SBA
Most Paycheck Protection Program (“PPP”) borrowers are working toward full forgiveness of their PPP loans and are anxious to get this process started. A borrower generally may submit a loan forgiveness application any time on...more
12/29/2020
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Loan Applications ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Questionnaires ,
Relief Measures ,
SBA ,
Small Business
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked some Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans over $2 million. The...more
Most Paycheck Protection Program (“PPP”) borrowers are working toward full forgiveness of their PPP loans and are anxious to get this process started. A borrower generally may submit a loan forgiveness application any time on...more
12/3/2020
/ Asset Transfer ,
Borrowers ,
CARES Act ,
Change of Ownership ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Mergers ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Expenses ,
Popular ,
Questionnaires ,
Relief Measures ,
Required Documentation ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
Tax Deferral
Most Paycheck Protection Program (“PPP”) borrowers are working toward full forgiveness of their PPP loans and are anxious to get this process started. A borrower generally may submit a loan forgiveness application any time on...more
11/9/2020
/ Asset Transfer ,
Borrowers ,
CARES Act ,
Change of Ownership ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Mergers ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Expenses ,
Popular ,
Questionnaires ,
Relief Measures ,
Required Documentation ,
Safe Harbors ,
SBA ,
SBA Lending Programs ,
Tax Deferral
Starting around October 26, 2020, the Small Business Administrations (the “SBA”) asked some Paycheck Protection Program (“PPP”) lenders to provide certain questionnaires to PPP borrowers with loans over $2 million. The...more