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About Jessica L. Conn

Best Practices: PPP Lender Portal FAQ Changes: Use of Setoff Rights

On March 3, 2022, through its PPP Lender Platform, SBA provided informal guidance to lenders on several issues, including whether lenders “should” consider offset as a remedy for borrowers who…
  • April 6, 2022
  • Jessica L. Conn

Best Practices: Post-Closing Reviews

With year-end behind us, many of us are now able to find a moment of quiet following the hectic whirlwind that was 2021. The intensity of the past year was…
  • January 5, 2022
  • Jessica L. Conn

Best Practices: Why do we need landlord waivers anyway?

SBA requires landlord waivers whenever SBA loans are secured with business personal property which is located at a leased location in order to protect the SBA and maximize any recovery…
  • September 22, 2021
  • Jessica L. Conn

Best Practices: Lender’s Obligations during PPP Forgiveness

Now that the PPP loan program has closed to new PPP loan originations, lenders may shift their full attention back to the forgiveness process. It is important that lenders continue…
  • June 16, 2021
  • Jessica L. Conn

Best Practices: Recent Changes to Section 1112 Payments

The Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act (the Economic Aid Act) contained provisions for SBA to cover up to six months of loan payments for…
  • February 24, 2021
  • Jessica L. Conn

Best Practices: PPP Loan Necessity Questionnaire

At the end of October, lenders who had submitted PPP loan forgiveness applications for a company that, together with its affiliates, received $2,000,000 or more in PPP financing began receiving…
  • November 4, 2020
  • Jessica L. Conn
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