As many commercial businesses and nonprofit organizations are submitting their Paycheck Protection Program (“PPP”) loan forgiveness applications, considering the possibility of “second draw” loans, and looking back over 2020, it is a good [...]
In late October and early November 2020, the SBA began distributing to lenders SBA Form 3509[1] and 3510[2] (the “Loan Necessity Questionnaire”) to collect supplemental information for its review of loan forgiveness applications, [...]
Today, FTLF Managing Partner Ted Waters will present at the Alaska Primary Care Association’s (APCA) Winter Summit Conference. Mr. Waters’ presentation will focus on best practices and emerging challenges for grant management during [...]
Our Feldesman Tucker Leifer Fidell LLP (FTLF) grant law attorneys have completed an initial review of the recent changes to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform [...]
On July 4, 2020, the President signed S. 4116 into law, extending the date by which eligible borrowers may apply for Paycheck Protection Program (“PPP”) Loans through August 8, 2020.[1] Prior to this [...]
On June 17, 2020, in light of the recent changes to the Paycheck Protection Program (“PPP”) by the Paycheck Protection Program Flexibility Act,[1] the SBA released a revised Loan Forgiveness Application (“Full Loan [...]
FTLF attorneys Michael Glomb and Scott Sheffler will host the National Grant Management Association’s (NGMA) July grants webinar, The SBA’s Paycheck Protection Program: Challenges and Opportunities. The Small Business Administration’s (SBA) Paycheck Protection [...]
On June 5, 2020, the Paycheck Protection Program (“PPP”) Flexibility Act[1] became law, again changing major features of the PPP Loan Program. As its name suggests, the new law was enacted primarily to [...]
In an interim final rule (“IFR”) issued on May 22, 2020,[1] the Small Business Administration (“SBA”) clarified the method by which Paycheck Protection Program (“PPP”) Loan Program funds must be expended and documented [...]
