News & Analysis as of September 19, 2024

Small Business Administration › Required Forms

+ Follow

The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Revised PPP Loan Forgiveness Applications and Guidance - Update #4

Schwabe, Williamson & Wyatt PC on 6/1/2021

Below are 10 important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness ‎Applications and the detailed instructions for the revised and updated applications posted on May 24, 2021, ‎as well as...more

Economic Aid Act: 10 Things to Know about Second Draw PPP Loans - Update #2

Schwabe, Williamson & Wyatt PC on 2/19/2021

Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second Draw Rules”). These rules announced the implementation of section 311 of the Economic...more

Updated Key Considerations for PPP Documentation under the Economic Aid Act

Schwabe, Williamson & Wyatt PC on 1/28/2021

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

The Lender’s Role in the PPP Loan Review Process - After the Economic Aid Act: An Updated Guide to the PPP Loan Forgiveness Review...

Schwabe, Williamson & Wyatt PC on 1/27/2021

Lenders play a large role in the Paycheck Protection Program (“PPP”) loan forgiveness review and appeals process. The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Economic Aid Act” or “PPP2...more

Initial Takeaways and Agency Guidance for the Latest PPP Updates - After the Economic Aid Act: An Updated Guide to the PPP Loan...

Schwabe, Williamson & Wyatt PC on 1/27/2021

On January 19, 2021, the Small Business Administration (the “SBA”) in consultation with the Department of Treasury (“Treasury”) posted new forgiveness application forms and the Interim Final Rule on Loan Forgiveness...more

Why You May Want to Wait to File for PPP Loan Forgiveness and Other Tips - Update #6

Schwabe, Williamson & Wyatt PC on 12/14/2020

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

PPP Loan Over $2 Million? An Imminent Deadline May Be Looming!

Dorsey & Whitney LLP on 12/8/2020

Since inception, the Paycheck Protection Program (the “PPP”) under sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act has undergone numerous and material refinements by the Small Business...more

New “Necessity” Forms Create Headaches and Risks for PPP Borrowers

Cozen O'Connor on 12/4/2020

The SBA is continuing its quest to complicate and add risk to the Paycheck Protection Program (PPP) through new Forms 3509 and 3510. If you and your affiliates have PPP loans of $2 million or more, the forms will be coming to...more

Simplified PPP Forgiveness Procedure for Loans of $50,000 or Less

Woods Rogers on 10/13/2020

On Friday, October 9, 2020, the Small Business Administration (“SBA”) released guidelines for a simpler loan forgiveness process for Borrowers with Paycheck Protection Program loans of $50,000 or less[1], and a new and much...more

PPP: Does the Size of the Loan Affect Eligibility for Form 3508EZ?

BCLP on 8/18/2020

No. PPP borrowers of any size may use Form 3508EZ, assuming they otherwise meet the eligibility requirements of that form. This is a first in what we anticipate to be a series of posts regarding questions about the...more

When to Apply for Forgiveness of a PPP Loan

Woods Rogers on 6/25/2020

The Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”) become law on Friday, June 5, 2020, modifying critical provisions of the CARES Act and the Interim Final Rules implementing the CARES Act, adopted by the Small...more

PPP Loan Forgiveness Application, After the Payroll Protection Program Flexibility Act of 2020

Woods Rogers on 6/24/2020

This Article is based on information available as of June 18, 2020. The information is subject to change as additional guidance is provided. In mid-May the SBA published the PPP Loan Forgiveness Application (SBA Form 3508)....more

New PPP Forgiveness Application Forms

Cozen O'Connor on 6/20/2020

The Paycheck Protection Program Flexibility Act (Flexibility Act), which became effective June 5, significantly changed key elements of the Paycheck Protection Program (PPP), as discussed in Cozen O’Connor’s Alerts posted on...more

PPP Update on Revised Loan Forgiveness Forms

Dentons on 6/19/2020

The SBA just released new revised loan forgiveness application forms integrating changes from the PPP Flexibility Act. The form is largely the same with some specific changes highlighted here....more

SBA Publishes Final Rule Regarding Ability of SBICs to Finance Passive Businesses

Troutman Pepper on 10/19/2017

Following a series of delays, on August 18 the U.S. Small Business Administration (SBA) announced that it would withdraw the Final Rule modifying its regulations on the ability of a small business investment company (SBIC) to...more

SBA Changes the Game

Baker Donelson on 1/26/2017

On November 22, 2016, the Small Business Administration released SOP 50 10 5(I) (the "SOP"), which is administrative speak for new standard operating procedures affecting loans to businesses involved in franchising. The...more

SBA Expands and Clarifies Ability of SBICs to Finance in Passive Businesses

Troutman Pepper on 1/6/2017

New SBA rule affects the holding company and the blocker corporation exceptions for SBICs’ financing passive businesses. On December 28, the U.S. Small Business Administration (SBA) released a Final Rule modifying its...more

17 Results

View per page

Page: of 1

Small Business Administration › Required Forms

"My best business intelligence, in one easy email…"