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U.S. House Passes Bill to Provide Greater Flexibility for PPP Borrowers; Senate to Act Next

USA - May 29 2020 On Thursday, May 28, 2020, the U.S. House of Representatives passed H.R. 7010, a bill that would provide businesses greater flexibility in how they…

Kris J. Eimicke, Elizabeth M. Frazier, Christopher E. Howard

Additional Guidance Issued on PPP Loan Forgiveness, Loan Review Procedures

USA - May 29 2020 The Small Business Administration (SBA) recently released two interim final rules to accompany the new Paycheck Protection Program (PPP) Loan…

Kris J. Eimicke, Elizabeth M. Frazier, Christopher E. Howard

COVID-19: PPP Loan Forgiveness Application Released

USA - May 20 2020 The ability to have a Paycheck Protection Program (PPP) loan forgiven is perhaps the most important part of the program—turning a low-interest loan…

Kris J. Eimicke, Kathleen M. Hamann, Christopher E. Howard

Paycheck Protection Program: SBA Clarifies Audit and Enforcement Intent Regarding Loan Recipient’s Financial Hardship Certification

USA - May 13 2020 On May 13, 2020, the Small Business Administration (SBA) updated its Frequently Asked Questions (FAQs) to provide important safe harbors on the…

Kris J. Eimicke, Elizabeth M. Frazier, Kathleen M. Hamann, Christopher E. Howard

COVID-19: PPP Loans - Economic Need Determinations

USA - April 28 2020 In an apparent response to recent media focus on public companies receiving Paycheck Protection Program (PPP) loans, the Small Business…

Kris J. Eimicke, Christopher E. Howard