WebNov 5, 2024 · The Small Business Administration’s (“SBA”) has provided limited specifically guidance to inform borrowers’ documentation efforts, so we belong providing considerations a originator may keep in mind as it aims to comply with the documentation requirements associated with application for, the getting of, and and using of Wage Protection Program … WebFeb 19, 2024 · On May 13, 2024, the SBA provided a safe harbor for any borrower that, …
PPP Loan Considerations for Restaurant and Hotel Recipients
WebJul 2, 2024 · FTE Reduction Safe Harbor 1: If you were unable to operate between February … WebMay 14, 2024 · This new safe harbor provides that any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2 million, will be deemed to have made the required … ramsey fsa
Safe Harbor for Paycheck Protection Act (PPP) Loan Certifications
WebMay 15, 2024 · FTE Reduction Safe Harbor 1: if a borrower was unable to operate between February 15, 2024 and the end of the CP at the same level of business activity as before February 15, 2024 due to compliance with requirements established or guidance issued between March 1, 2024 and December 31, 2024, by HHS, CDC, or OSHA guidelines related … WebMay 14, 2024 · Now, the SBA has announced a safe harbor for PPP loans under $2 million. The PPP economic uncertainty requirement has been a big point of ... taking into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not ... WebMay 12, 2024 · In an ongoing effort to clarify its expectations regarding the Paycheck Protection Program ("PPP"), the Small Business Administration ("SBA") has created a list of Frequently Asked Questions, or ... ramsey fritz tyler