8/10/20 – PPP Forgiveness FAQs from the SBA

Last week, the SBA issued a set of FAQs regarding PPP Loan Forgiveness. The list contained some new information but did not address some of the most important questions Borrowers have, like what the reduction factors and wage limitations look like if borrowers apply for forgiveness before the full 8 or 24 weeks are up. […]

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06/24/20 – PPP Forgiveness Applications

The SBA issued 2 new sets of guidelines on June 23 and 24th that have provided some of the answers we’ve been waiting for. We’ve summarized the main points below. Submitting an application—The SBA has stated that a borrower may apply for forgiveness at any point during their 8- or 24-week covered period. The deadline […]

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05/22/20 – PPP Live Q&A Recording

UPDATE AS OF 5/22/20 This is the recording of our live panel discussion on the PPP Loan. In it we give a quick update on the most recent guidance issued and spend the majority of the time taking questions from those who attended. We touched on what answers the SBA has provided and what questions […]

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05/19/20 – PPP Forgiveness Application and Instructions

Last Friday night, the SBA released the PPP Loan Forgiveness application and related instructions. It was our hope that the radio silence from the SBA and US Treasury on the forgiveness piece meant that we would be getting guidance that would provide more answers. Instead, after being 20 days past their deadline, they’ve provided an extremely complex […]

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04/28/20 – Additional Funds Allocated to PPP

As most of you probably know by now, additional funds have been allocated to this program. Banks began processing applications again on Monday the 27th, so if you didn’t get in on the first round, you still have a chance. Everyone expects these funds to go even faster than before, so make sure to act […]

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