Last night, on Wednesday June 3, the Senate passed legislation by voice vote that will reform the recently created Paycheck Protection Program.
How PPP Forgiveness Can Quickly Turn Into a Nightmare for Lenders (And How to Avoid It)
by
Sal Trifilio on June 03, 2020
Over two rounds of funding, Congress has directed the SBA to disburse nearly $670B to small businesses in the form of fully-guaranteed loans—and that...
Impending Paycheck Protection Program Forgiveness Terms & Timing Changes
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Cheryl Kardos on May 29, 2020
Monday, June 1st is a date that has been ingrained in every PPP lender’s minds the last several weeks. This is the date when the PPP loans that were...
PPP Forgiveness: Updated SBA Guidance on Timing & Process for Banks and Credit Unions
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Numerated Marketing on May 27, 2020
As banks and credit unions work to disburse the last of the available Paycheck Protection Program funds, the SBA and Treasury Department are getting...
Bringing Innovation to the SBA Forgiveness Application
by
Numerated Marketing on May 19, 2020
As the final funds are disbursed in the Paycheck Protection Program, banks and credit unions have started turning their attention to the next piece...