Page 10 - Second Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. Borrowers seeking to apply for First Draw Paycheck Protection Program (PPP) loans or Second Draw (PPP2) loans are required to certify on loan applications that "current economic uncertainty makes this loan request necessary to support the ongoing operations" of the borrower or applicant.  That "necessity certification" as it has come to be known, is riddled with amorphous language that has proven to be a source of confusion and ambiguity for borrowers from its inception.  The SBA initiall...

PPP Workshop For VT Cosmetologists, Tattoo Artists & Body Piercers Are you a sole proprietor, independent contractor, or self-employed? Have you applied for an SBA Paycheck Protection Program (PPP) forgivable loan? Learn more about the SBA’s new formula for Schedule C filers to receive more financial support. But the March 31st approval deadline is quickly approaching! Vermont personal care providers, please join the SBA Vermont District Office on Friday, March 19th at 9:00am for a FREE webinar on how the PPP program works and how you may qualify for more funds under new formula changes fo...

To print this article, all you need is to be registered or login on Mondaq.com. Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The Fraud Section set up a team devoted to PPP fraud and, within two months of the passage of the CARES...

To embed, copy and paste the code into your website or blog: Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The Fraud Section set up a team devoted to PPP fraud and, within two months of the passage of the CARES Act, had charged several individuals. ...

In a March 3, 2021 Interim Final Rule (“IFR”), the U.S. Small Business Association (“SBA”) recognized that the definition of “payroll costs” used to determine Paycheck Protection...