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SBA Procedural Notice Addressing Second Draw PPP Loans

SBA Procedural Notice Addressing Second Draw PPP Loans

Jan 29, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (SBA) has encountered multiple questions pursuant to the Paycheck Protection Program (PPP). As a result, SBA issued additional guidance to assist borrowers who incurred issues while applying for Second Draw PPP Loans. The information...
Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Jan 22, 2021 | Firm Overview Articles, Business & Corporate Law News

Overview: The SBA issued an Interim Final Rule and Frequently Asked Questions dated January 19, 2021, to help lenders and borrowers comply with the rebooted Paycheck Protection Program (PPP). The guidance assists borrowers in calculating their reduction in revenue to...
SBA Phases in PPP Reboot

SBA Phases in PPP Reboot

Jan 14, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will fully re-open to all lenders and eligible borrowers on Monday, January 18th.  In order to assist smaller borrowers who may have difficulties accessing the financial...
New Paycheck Protection Program Loans Available Soon

New Paycheck Protection Program Loans Available Soon

Dec 31, 2020 | Firm Overview Articles, Business & Corporate Law News

On Sunday, December 27, 2020, the president signed into law another major COVID-19 relief bill within the omnibus federal spending legislation called the Consolidated Appropriations Act, 2021. We have summarized the stimulus portion of the bill here: December 2020...
SBA: Borrowers Must Recognize CARES Act Loan Subsidies As Income

SBA: Borrowers Must Recognize CARES Act Loan Subsidies As Income

Dec 11, 2020 | Firm Overview Articles, Business & Corporate Law News

Key Highlights: SBA requires borrowers to recognize, as income, any loan payments made on behalf of a borrower by the SBA. SBA requires lenders to complete and send the necessary IRS forms to such borrowers. As part of the CARES Act, the Small Business Administration...
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Fax: 402-341-8290

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Fax: 402-463-0602

The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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