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SBA Releases Borrower Application, Instructions for PPP Loan Forgiveness

Posted on: 5/18/2020
The SBA and Treasury Department have released the application that borrowers must complete to have their ...
 

SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M

Posted on: 5/18/2020
Following the recent announcement that the SBA would review any PPP loans made in amounts exceeding ...
 

FDIC Proposes Rule to Facilitate Bank Participation in PPP, Money Market Facilities

Posted on: 5/13/2020
To help provide certainty to banks participating in the Paycheck Protection Program and its associated ...
 

Fed Expands Scope of ‘Main Street’ Program

Posted on: 5/1/2020
The Federal Reserve has expanded the scope of its Main Street Lending Program to accommodate more businesses ...
 

SBA Limits PPP Funds for Corporate Groups to $20 Million

Posted on: 5/1/2020
In an interim final rule, the SBA said it will limit the amount of Paycheck Protection Program loan ...
 

SBA to Audit PPP Loans Above $2 Million

Posted on: 5/1/2020
SBA will review all requests for forgiveness of PPP loans in excess of $2 million to “further ...
 

Agencies Issue Statement on Cloud Computing Security

Posted on: 5/1/2020
With many banks moving some or all employees to remote work arrangements and accessing more cloud-based ...
 

FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances

Posted on: 4/24/2020
The Federal Housing Finance Agency confirmed that Federal Home Loan Banks may accept PPP loans ...
 

AICPA Issues Recommendations for PPP Agent Relationships

Posted on: 4/24/2020
The American Institute of CPAs has issued recommendations aimed at a common understanding of how accountants ...
 

SBA Addresses PPP Applications from Companies with Access to Capital

Posted on: 4/24/2020
In the wake of media reports of some firms qualifying for PPP loans despite having access to capital ...
 

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