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SBA Delays in Issuing PPP Forgiveness Decisions

SBA Delays in Issuing PPP Forgiveness Decisions

by The Business and Corporate Attorneys at Dvorak Law Group | Jun 15, 2021 | Publications

As part of the CARES Act, the Small Business Administration (the “SBA”) was tasked with administering the Paycheck Protection Program (the “PPP”), which includes overseeing the loan application process and making final determinations regarding loan forgiveness....
SBA Delays in Issuing PPP Forgiveness Decisions

New Legislation Regarding the Paycheck Protection Program

by The Business and Corporate Attorneys at Dvorak Law Group | Dec 29, 2020 | Publications

After several months of negotiations, Congress passed additional COVID-19 relief legislation on Monday, December 21, 2020, which was signed into law by President Trump on Sunday, December 27, 2020. The $900 billion stimulus bill, named the Consolidated Appropriations...
SBA Guidance on Changes of Ownership for PPP Borrowers

SBA Guidance on Changes of Ownership for PPP Borrowers

by The Business and Corporate Attorneys at Dvorak Law Group | Oct 23, 2020 | News

On October 2, 2020, the Small Business Administration (the “SBA”) issued a procedural notice providing guidance on the notification and consent requirements for changes in ownership of entities that are borrowers (the “Borrower” or “Borrowers”) under the Paycheck...
SBA To Publicly Release Information Regarding PPP Loan Recipients

SBA To Publicly Release Information Regarding PPP Loan Recipients

by The Business and Corporate Attorneys at Dvorak Law Group | Jul 2, 2020 | Publications

The U.S. Small Business Administration (“SBA”), the U.S. Department of Treasury, and the U.S. Senate Small Business Committee agreed to release additional data regarding the loans made pursuant to the Paycheck Protection Program (“PPP”). The agreement was met, after...
New Guidance on Early Loan Forgiveness for the Paycheck Protection Program

New Guidance on Early Loan Forgiveness for the Paycheck Protection Program

by The Business and Corporate Attorneys at Dvorak Law Group | Jun 29, 2020 | Publications

On June 22, 2020, the United States Small Business Administration (“SBA”) released additional guidance related to the Paycheck Protection Program loans (“PPP Loans”) in the form of an Interim Final Rule (“IFR”), which addresses the timing of submitting a loan...
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