Experts say the guidance around PPP loans is clearer this time around, as legislators have worked out many of the kinks of the CARES Act. But with new eligibility and forgiveness requirements ...
The SBA also maintains a list of participating PPP lenders by state. You will need to verify loan availability and that you meet eligibility requirements. Qualified businesses and nonprofits can ...
According to SBA guidelines, at least 25% of these set ... financial institutions for at least the first two days when the PPP loan portal re-opens. Businesses that didn't receive PPP loans ...
With some states reversing course on reopening as coronavirus infections surge, firms that passed on a PPP loan may want to give one a second look. The program has seen many changes since its ...
while egregious abuse of federal small business loans – often referred to... Here’s What You Need to Remember: One of the reasons that PPP fraud has been featured so prominently in the news ...
When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...
While struggling small businesses faced more stringent requirements and limited access to funds. The primary issue with celebrities taking out PPP loans is the intended purpose of the funding.
Republican Sen. Joni Ernst of Iowa introduced legislation in the Senate Wednesday to prohibit federal funding for Planned ...
The investigation suggests systematic issues in how The Agency approached the PPP loan application process ... financial transparency requirements, and corporate responsibility during crisis ...