News & Analysis as of

C-Corporation Small Business Administration

Hinshaw & Culbertson LLP

New Interim PPP Rules Address Owner-Employee Compensation, Sub-Tenants, and Rent Payments to a Related Party

The Small Business Administration (SBA) and the U.S. Department of the Treasury issued a new interim Paycheck Protection Program (PPP) rule on August 24, 2020. The rule covers changes involving owner-employee compensation,...more

Husch Blackwell LLP

New PPP Guidance On Owner-Employees And Rent/Mortgage Interest Forgiveness

Husch Blackwell LLP on

On August 24, 2020, the Small Business Administration (SBA) released a new interim final rule (IFR) regarding permitted forgiveness of loans made under the Paycheck Protection Program (PPP). This new guidance provides relief...more

Burr & Forman

SBA Issues New PPP Rules for Owner-Employees and Related Party Rents

Burr & Forman on

The Small Business Administration (“SBA”) recently issued a new interim final rule clarifying whether paycheck protection program (“PPP”) loan proceeds may be used for certain payroll and nonpayroll costs and remain eligible...more

Pillsbury Winthrop Shaw Pittman LLP

Focus on Forgiveness: The Latest Paycheck Protection Program Regulatory Developments

The SBA has continued its wave of regulations and guidance as PPP borrowers begin to apply for loan forgiveness. New regulations address nuanced, but important, issues such as “owner-employee” compensation and the...more

Chambliss, Bahner & Stophel, P.C.

SBA Provides Relief for Some "Owner-Employees" but Limits Forgiveness of Certain Non-Payroll Costs Under the PPP

In yet another interim final rule released yesterday, the Small Business Administration (SBA) loosened limitations for calculating forgiveness for compensation of certain “owner-employees,” but limited “non-payroll” costs...more

Pillsbury Winthrop Shaw Pittman LLP

Paycheck Protection Forgiveness and Compliance—10 Frequently Asked Questions

Considerations for PPP borrowers as they apply for loan forgiveness - As the Paycheck Protection Program (PPP) enters its forgiveness phase—where many borrowers have exhausted or are about to exhaust their loans and will...more

White and Williams LLP

You Have Questions…SBA Releases PPP Loan Forgiveness FAQs

White and Williams LLP on

The U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury (Treasury), recently released a series of Frequently Asked Questions (the Forgiveness FAQs) focusing on forgiveness of...more

Hinshaw & Culbertson LLP

New Supplemental Guidance Issued for PPP Loan Program

On August 4, 2020, the Small Business Administration (SBA) and the U.S. Department of the Treasury released new FAQs to provide further guidance on Paycheck Protection Program (PPP) loan questions and supplement previously...more

Chambliss, Bahner & Stophel, P.C.

Finally! Initial PPP Loan FAQs Released

This afternoon, the Small Business Administration (SBA) and the Treasury Department published a set of frequently asked questions concerning forgiveness of loans under the Paycheck Protection Program (PPP). The new FAQs...more

White and Williams LLP

Are We There Yet? – Part Deux

White and Williams LLP on

We recently wrote about a series of revisions to existing Paycheck Protection Program (PPP) guidance from the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury. The revisions were generally made...more

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