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Topic: Paycheck Protection Program

SBA Issues EZ PPP Application and Updated Interim Guidance
By Joe Aquino, CPA, CVA on June 18, 2020

The U.S. Small Business Administration (SBA), in consultation with Treasury, recently released a revised loan forgiveness application for the Paycheck Protection Program (PPP), along with...

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Paycheck Protection Program Flexibility Act – Update
By Richard J. Wright, Jr. CPA on June 6, 2020

The President recently signed the Paycheck Protection Program Flexibility Act (PPPFA) -the following is a summary of the highlights of the legislation: Extends 8 week “covered period” to...

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SBA Forgiveness Application—What It Gave to Us, and More Importantly, What It Has Not Yet Given to Us
By Richard J. Wright, Jr. CPA on May 19, 2020

Late on Friday, May 15th, the SBA released the PPP Loan Forgiveness application. While this application has answered some of the questions in connection with the CARES Act and related SBA...

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SBA Releases Forgiveness Application
By Freed Maxick on May 16, 2020

The SBA issued the much anticipated PPP Forgiveness Application and instructions on May 15th: ...

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PPP FAQ #46 - Regarding Good-Faith Certification
By Freed Maxick on May 14, 2020

On May 13, 2020 the SBA released an update to FAQ 31 and FAQ 43 addressing borrowers’ required good-faith certification concerning the necessity of their loan request.  Two key takeaways...

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PPP and Your FDIC Assessment
By Bruce Rumbold on May 13, 2020

The FDIC announced proposed rule-making yesterday to provide relief for potential increases in a bank’s FDIC deposit insurance assessment as a result of holding loans in the SBA’s Paycheck...

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