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House Bill Looks to Loosen PPP Rules. Compromise in Senate Looks Likely

A bipartisan bill (H.R. 7010) passed the House of Representatives yesterday intended to loosen the compliance requirements on Paycheck Protection Program (PPP) loans. The bill will affect hundreds of billions of dollars in small-business loans made under the PPP and...

Important PPP Update on the latest SBA FAQs

On May 13, 2020, the Small Business Administration (SBA) issued new Frequently Asked Questions (FAQ – Questions #46 and #47). Specifically, the FAQs say: 46. Question: How will SBA review borrowers’ required good-faith certification concerning the necessity of their...