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10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #5 | Schwabe, Williamson & Wyatt PC

On January 6, 2021, the Small Business Administration (the “
SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“
Second Draw Rules”). These rules announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act”). The SBA also released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (“
Consolidated First Draw PPP IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness. Both rules take effect immediately. For more information on the Conso ....

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10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act (Updated 4/8/2021) | Schwabe, Williamson & Wyatt PC

On January 6, 2021, the Small Business Administration (the “
SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“
Second Draw Rules”). These rules announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act”). The SBA also released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (“
Consolidated First Draw PPP IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness. Both rules take effect immediately. For more information on the Conso ....

United States , Hong Kong , Revenue Service , Biden Harris Administration , Communications Commission , Business Loan Program Temporary , Rule On Paycheck Protection Program As , Television Broadcasting , Grant Program , Paycheck Protection Program , Food Services , Department Of Education , Paycheck Protection Program As , Department Of Treasury , Small Business Administration , Harris Administration , Fund Availability , Securities Exchange , Department Of The Treasury , Member Of Congress , Bankruptcy Court , See Second Draw Paycheck Protection Program , Interim Final Rule , Loan Program Temporary Changes , Paycheck Protection Second Draw , Economic Aid ,

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #3 | Schwabe, Williamson & Wyatt PC

10 Things to Know about Second Draw PPP Loans as Updated for the Economic Aid Act and the ARP Act - Update #3 | Schwabe, Williamson & Wyatt PC
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Why You May Want to Wait to File for PPP Loan Forgiveness and Other Tips - Update #9 | Schwabe, Williamson & Wyatt PC

Why You May Want to Wait to File for PPP Loan Forgiveness and Other Tips - Update #9 | Schwabe, Williamson & Wyatt PC
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Updated Key Considerations for PPP Documentation under the Economic Aid Act | Schwabe, Williamson & Wyatt PC

Borrowers under the Small Business Administration’s (the “
SBA”) Paycheck Protection Program (“
PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and their use of PPP loan proceeds. In addition, certain documentation is required for an appeal.
The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “
Economic Aid Act” or “
PPP2 Act”) was enacted on December 27, 2020. On January 6, 2021, the SBA in consultation with the Department of Treasury (“
Treasury”) released two interim final rules:
(a) Interim Final Rule called Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act (“ ....

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