SBA Updates PPP Forgiveness Guidance: The Good News and The Bad News
5/27/20
By: Justin Boron
If you borrowed less than $2 million for all of your businesses under the Paycheck Protection Program, you can feel re-assured that you won’t be questioned by the government on whether you really needed the money.
The …
Finding Shelter from the Storm: SBA Issues New Guidance on Safe Harbors for PPP Borrowers
5/20/20
By: Anastasia Osbrink
The safe harbor period for businesses that received the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) loans expired on May 18, 2020 after a 4-day automatic extension. That safe harbor provided that businesses that repaid loans …