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SBA Issues Loan Necessity Questionnaires to PPP Recipients; Signals Next Step in Loan Compliance Investigations | Harris Beach PLLC

To embed, copy and paste the code into your website or blog: The U.S. Small Business Administration (SBA) has begun to issue loan necessity questionnaires to Payroll Protection Program (PPP) borrowers, adding clarity to the good faith certification they required with initial applications. The distribution of Loan Necessity Questionnaires (SBA Form 3509 or 3510) to lenders of loans of $2 million or more is the first step toward identifying loans that spur further audit or investigation. As outlined in a previous legal alert, investigations of PPP recipients are increasing as reports of waste and abuse have captured the attention of government watchdogs and federal prosecutors. Authorities are targeting businesses that did not apply for loans in good faith or use the funds appropriately for payroll, utilities, rent, or other permitted expenses.

From restaurants to retailers, virus transformed economies - Santa Monica Daily Press

From restaurants to retailers, virus transformed economies Dec. 16, 2020 at 9:54 am It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon as soon as New York was safe again. Within weeks, he’d changed his mind. Bregman broke his company’s lease and told his two dozen or so staffers they could keep working from home possibly for good.  The gains were at once unexpected and immediate. Bregman is saving money on rent. He no longer has to persuade recruits to relocate to a crushingly expensive city. He’s increased his staff by 20% and for the first time added new hires in Texas and California.

How a Finger Lakes hospitality business thrived despite coronavirus: The outdoors saved us

How a Finger Lakes hospitality business thrived despite coronavirus: ‘The outdoors saved us’ Updated Dec 27, 2020; Posted Dec 16, 2020 The Inns of Aurora in the village of Aurora on the northwest shore of Cayuga Lake features the Aurora Inn and the 1833 Kitchen and Bar (pictured), the Fargo Bar and Grill and four other houses (inns) for guests. Facebook Share AURORA Like many businesses in Upstate New York, the Inns of Aurora in this tiny village on the northeastern shore of Cayuga Lake was blind-sided by the coronavirus pandemic. Revenues this past March and April at the Cayuga County business “were just terrible,” said Sue Edinger, chief operating officer for the Inns of Aurora, which features the Aurora Inn and the1833 Kitchen and Bar, the Fargo Bar and Grill and four other separate houses (inns) for guests. When all are in play, more than 50 rooms are available for visitors.

Valley Journal: Iconic Polson theater expands with 70 years of history

POLSON Remember what if feels like to settle into a comfy theater seat, minus all the distractions of home (dogs, kids, the drone of a dryer) and – popcorn in hand – sink into a story on the big screen?  Even now, amid a pandemic, audiences can indulge in that experience at the new Showboat Stadium 6 in Polson. And once inside, they’re apt to notice it doesn’t feel like the old Showboat. The six state-of-the-art auditoriums include deluxe stadium seating, excellent sound and high-definition screens.  In addition to standard concession fare, the theater also sells caramel corn, made in-house. And those smaller one-stall bathrooms? They were replaced with spacious, tiled six-stall restrooms. 

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