New Guidance on PPP Early Loan Forgiveness

  |  June 24, 2020

Paycheck Protection Program recipients choosing to extend their covered period, may apply early for loan forgiveness, but doing so could cost them money. In consultation with the Treasury, the U.S. Small Business Administration addresses various issues related to the PPP in a 34-page interim final rule (IFR) issued Monday night, June 22. Read more. Read More

SBA Clarifies Safe Harbor Repayment Criteria before May 14 Deadline

  |  May 13, 2020

100 dollar bills

The Small Business Administration issued its final guidance today on the Paycheck Protection Program regarding the safe harbor repayment date of May 14 – the last day employers can return PPP funds if they were not legally entitled to apply for the loans. Their latest guidance shields smaller borrowers and saves the enforcement power to review the applications of larger borrowers. Read more. Read More