Posted on June 5, 2020 by Amy E. Ebeling
Blog
A few moments ago President Trump signed HR Bill 7010 into law, which we summarized for you in an alert yesterday. Click here to review that alert. We also need to clarify that all of the revised and amended PPP terms apply to all existing and new PPP loans with the exception of the new […]
Posted on June 4, 2020 by Amy E. Ebeling
Blog
Both the House and the Senate have now passed HR 7010 providing PPP borrowers more favorable terms. We first alerted you on May 27th of possible changes to PPP being considered by both the House and the Senate. Last night in a second vote (the first vote failed), the Senate passed the House Bill 7010, […]
Posted on May 13, 2020 by Amy E. Ebeling
Blog
The US Department of Treasury released FAQ #46 this morning providing guidance on “how will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request.” Any borrower, together with its affiliates, that received PPP loans with an original amount of less than $2 million will be deemed to have made the required […]