When SBA lenders encounter an applicant that is a trust or is owned by a trust, knowledge of SBA’s trust requirements is essential. Understanding SBA guidance not only helps lenders…
On February 10, 2021 SBA issued Procedural Notice 5000-20092 regarding Revised SBA Paycheck Protection Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages…
Under the CARES Act, SBA has the authority to conduct a review of any loan originated under the Paycheck Protection Program (“PPP”) at its discretion at any time. SBA may…
This year has brought a lot of uncertainty and SBA lending is no exception. The Paycheck Protection Program (“PPP”) expired on August 8th, and the SBA’s loan forgiveness portal opened…
Best Practices: Paycheck Protection Program Loan Forgiveness: What We Know, What We Need To Find Out
Now that the first wave of Paycheck Protection Program (“PPP”) loans have been approved and are being funded, Lenders’ and Borrowers’ attention have turned to Section 1106 of the CARES…
On July 1, 2019 the Taxpayer First Act was signed into law. According to the IRS website, “the legislation aims to expand and strengthen taxpayer rights and to reform the…