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After dozens of high-profile criminal prosecutions and a growing wave of civil investigations, the Department of Justice’s (“DOJ”) Covid-19 Fraud Enforcement Strike Force is poised to...
On December 8, the U.S. Small Business Administration (SBA) issued a statement regarding its intent to investigate certain participants in the Paycheck Protection Program (PPP) created...
Borrowers under the Small Business Administration’s (the “ SBA”) Paycheck Protection Program (“ PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and their use of PPP loan proceeds. In addition, certain documentation is required for an appeal. The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “ Economic Aid Act” or “ PPP2 Act”) was enacted on December 27, 2020. On January 6, 2021, the SBA in consultation with the Department of Treasury (“ Treasury”) released two ...
To embed, copy and paste the code into your website or blog: On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Among its provisions is an extension of the Paycheck Protection Program (PPP) created by the CARES Act, authorizing approximately $284 billion in additional federally backed loans to help small businesses weather economic hardships caused by the pandemic. ...
Religious groups got $108 million in local Paycheck Protection loans Was it money well spent? Posted: 4:49 PM, Jan 07, 2021 Updated: 2021-01-11 09:33:00-05 Scripps CINCINNATI - Pastor Brian Tome was surprised in April when he learned Crossroads Community Church was eligible for a Paycheck Protection loan. âWe were going, 'wait a minute, really?' Churches are generally left out of those kind of programs,â he said. Joe Simon A vigil was held on Friday for the victims in Thursday's shooting at Fifth Third Center. Brian Tome continues words of encouragement. But Tome is convinced taxpa...