COVID-19
PPP Form 3509 Loan Necessity Questionnaire No Longer Required
The PPP Form 3509 Loan Necessity Questionnaire (Form 3510 for nonprofits) is no longer required for loan forgiveness.
DMLO CPAs
July 1, 2021
SBA
COVID-19
SBA Issues New Guidance On PPP Loan Forgiveness
SBA issued another interim final rule to help PPP borrowers with loan forgiveness applications, help PPP lenders making loan forgiveness decisions, and share the SBA process for reviewing PPP loan and forgiveness applications.
DMLO CPAs
May 26, 2020
COVID-19
SBA Grants Safe Harbor to Borrowers with PPP Loans Less than $2 Million
The SBA and Treasury have announced that borrowers with an original principal amount less than $2 million “will be deemed to have made the required certification concerning the necessity of the loan request in good faith.”
DMLO CPAs
May 14, 2020
COVID-19
CARES Act: SBA Paycheck Protection Program (PPP)
The CARES Act introduces the SBA Paycheck Protection Program and includes individual rebates, small business loans, increased unemployment benefits and tax breaks.
DMLO CPAs
March 31, 2020
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