Page 2 - Forgiveness Application News Today

To embed, copy and paste the code into your website or blog: The Payroll Protection Program has been a lifesaver to many businesses this year, but its quick roll out, and many generous features (including potential forgiveness) could tempt a borrower to treat the PPP as something less than a “real loan”. This, potentially, is a big mistake, as in the context of M&A transactions PPP restrictions, and the practical difficulties in working with those restrictions, have the potential to greatly...

Tuesday, December 15, 2020 SBA and U.S. Treasury Issue Additional Guidance for Businesses Applying for Loan Forgiveness For those who received loans as part of the Paycheck Protection Program (PPP), this past October and November marked the end of the 24-week covered period. Over the last several weeks, the Small Business Administration (SBA) along with the U.S. Treasury Department have issued additional guidance and clarification surrounding the forgiveness process and the forgivenes...

To embed, copy and paste the code into your website or blog: Most Paycheck Protection Program (“PPP”) borrowers are working toward full forgiveness of their PPP loans and are anxious to get this process started. A borrower generally may submit a loan forgiveness application any time on or before the maturity of the loan—including before the end of the covered period—if the borrower has used all of the loan proceeds. But that does not mean a borrower should submit a loan forgiveness appl...

Business calendar: Upcoming events in the area FacebookTwitterEmail Spectators watch from a bridge in Titusville, Fla., as SpaceX Falcon 9 lifts off with NASA astronauts Doug Hurley and Bob Behnken in the Dragon crew capsule, Saturday, May 30, 2020, from the Kennedy Space Center at Cape Canaveral, Fla. The two astronauts are on the SpaceX test flight to the International Space Station. For the first time in nearly a decade, astronauts blasted toward orbit aboard an American rocket from American...