SBA

Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
Mnuchin: SBA PPP Loans Over $2M Face Audits Before Forgiveness
April 29, 2020  |  Loans

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury...

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PPP Is No Panacea, But Is Crucial To SMB Outlook
PPP Is No Panacea, But Is Crucial To SMB Outlook
April 28, 2020  |  Coronavirus

From the ongoing saga that is the Payroll Protection Program (PPP), we’ve quickly learned that $349 billion is just a down payment on a revivified...

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Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
Mnuchin Calls Lakers’ $4.6M PPP Loan ‘Outrageous’
April 28, 2020  |  Loans

U.S. Treasury Secretary Steven Mnuchin said he never “in a million years” expected that the Los Angeles Lakers would take a multi-million-dollar federal loan intended...

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PPP Loan Site Sputters On Opening Day Of Second Round
PPP Loan Site Sputters On Opening Day Of Second Round
April 28, 2020  |  Loans

The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of...

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LA Lakers Return PPP Loan
LA Lakers Return PPP Loan
April 27, 2020  |  Loans

As the U.S. Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned...

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PPP Resumes Operation, But Delays Continue
PPP Resumes Operation, But Delays Continue
April 27, 2020  |  Coronavirus

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27)...

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SBA Site Slammed As SMB Loan Program Relaunches
SBA Site Slammed As SMB Loan Program Relaunches
April 27, 2020  |  Loans

It didn’t take long for the Small Business Administration (SBA) to become overwhelmed by a deluge of applicants for the latest round of Paycheck Protection...

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Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon
Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon
April 27, 2020  |  Loans

The latest round of checks under the massive U.S. stimulus program is set to go out in the next few days. The key groups who...

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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’
The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’
April 27, 2020  |  Loans

In all manner of life – especially corporate life – where there are rules and legislation, there are paths to follow the spirit and the...

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