News & Analysis as of

Certifications Relief Measures

Schwabe, Williamson & Wyatt PC

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #5

On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more

Schwabe, Williamson & Wyatt PC

Updated Key Considerations for PPP Documentation under the Economic Aid Act

Borrowers under the Small Business Administration’s (the “SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for...more

Pillsbury Winthrop Shaw Pittman LLP

COVID-19 Relief Act Provides Grants for Shuttered Venue Operators Hard-Hit by the Pandemic

New COVID-19 Relief Act provides funding for a wide array of eligible persons and entities: live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion...more

Schwabe, Williamson & Wyatt PC

Key Considerations for PPP Documentation - Update #4

Borrowers under the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Real Estate and Construction Industry - Update #5

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Porter Hedges LLP

Alert: "SBA Releases PPP Loan Forgiveness Application"

Porter Hedges LLP on

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

Tonkon Torp LLP

Was My PPP Loan "Necessary"? Updated SBA Guidance On Loan Certification

Tonkon Torp LLP on

Over the past few weeks, many of our clients who have received Paycheck Protection Program (“PPP”) loans have expressed concern about whether they had adequate basis to certify that their PPP loan request was necessary to...more

Weintraub Tobin

Further SBA Guidance On Necessity Certification For PPP Loans

Weintraub Tobin on

Small Business Administration (SBA) guidance published on May 13, 2020 adds clarity to the “necessity” certification that borrowers were required to make when applying for Paycheck Protection Program (PPP) loans. According...more

Husch Blackwell LLP

SBA Issues New FAQ On Review Of Borrower PPP "Necessity" Certification

Husch Blackwell LLP on

On April 23, 2020, the SBA issued FAQ No. 31 addressing the PPP loan application certification that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the [a]pplicant,”...more

Jackson Lewis P.C.

Small Business Administration (Finally) Clarifies Paycheck Protection Program Necessity Certification

Jackson Lewis P.C. on

Recent statements by Small Business Administration (SBA) and Treasury Department officials have confused many Paycheck Protection Program (PPP) borrowers and led many to return PPP funds or consider doing so. Finally, the SBA...more

Hahn Loeser & Parks LLP

SBA Provides Guidance Regarding Return Of PPP Loans

The U.S. Small Business Administration (“SBA”) announced on Wednesday, May 13 that businesses that received Paycheck Protection Program (“PPP”) loans of less than $2 million will be deemed to have made the required...more

Tarter Krinsky & Drogin LLP

SBA Issues Additional Guidance On Good Faith Certification

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration (SBA) is tasked with administering the Paycheck Protection Program (PPP), the loan program intended to allow...more

Fox Rothschild LLP

SBA Issues Long-Awaited Guidance On Need Certification For PPP Loans

Fox Rothschild LLP on

Today, the Small Business Administration (SBA) issued additional guidance regarding the required good faith certification of need by borrowers under the Paycheck Protection Program (PPP), providing safe harbor to all...more

Nelson Mullins Riley & Scarborough LLP

[Webinar] Enforcement Implications of COVID-19 Government Relief Funds and Regulatory Waivers Minimizing the Risks - May 19th,...

Nelson Mullins white collar attorneys Gabriel Imperato, Lester Perling, and Mike Ruggio will discuss the potential liabilities and whistleblower risks associated with application, certification, and receipt of COVID-19...more

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