Simplify the PPP loan forgiveness process

A new report from the Consumer Bankers Association illustrates in spectacular fashion how small businesses have been affected by COVID-19 in the latter part of the first quarter of the year. The report found that delinquency and use were highlighted. This was likely due to short-term business closures, particularly in …

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Definition of doubtful loan

What is a bad loan? A doubtful loan is one whose full refund is questionable and uncertain. The degree of repayment of the loans in question ranges from total loss to uncertain loss unless corrective action is taken. Impaired loans are generally non-performing loans where interest is past due and …

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Democrats call for easier P3 loan cancellation process

US Treasury Secretary Steven Mnuchin testifies with US Small Business Administration Trustee Jovita Carranza during Senate Small Business and Entrepreneurship hearings to review Title I implementation of the CARES Act on Capitol Hill on 10 June 2020 in Washington, DC. Kevin Dietsch | Getty Images Senate Democrats want Treasury Secretary …

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Loan monitoring: defeats for loan six

There was no luck for any of our loan players who all suffered loss this weekend. MALINS AND EARL INVOLVED IN THE EPIC AT ASHTON GATE Max Malins scored a try on his return to action with the Bristol Bears as the Challenge Cup champions were sent off by a …

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SBA Announces Loan Necessity Questionnaires For PPP Loans Of $ 2 Million Or More | Partridge Snow & Hahn LLP

The Small Business Administration announced in the Federal Register the publication of two questionnaires proposed for recipients of Paycheck Protection Program (P3) loans of $ 2 million or more. One questionnaire will collect information from for-profit borrowers, and the other questionnaire is for non-profit organizations. Questionnaires have not been posted …

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