The Trump administration enacted new guidelines implementing the CRA in May that broadened the forms of activities banks get credit for, such as loans for sports activities stadiums in some instances, or providing credit cards to low-earnings clients...Read More
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This is topic to several rules across the elements of the bills in addition to a comparability of the level of full-time equal during the eight weeks post-funding to a base period. You might want to provide the next documentation to substantiate your request for loan forgiveness.
“Covered mortgage obligation” means indebtedness incurred within the strange course of enterprise secured by a mortgage on actual or private property, and incurred earlier than Februa...Read More
While the decision tree for this query is extremely complex, if a enterprise decides to retain the funds, what oversight and investigation would possibly they count on in the future? As such, PPP loans have dangers that borrowers should bear in mind long after the funds are used, and the forgiveness software is submitted and permitted. April 30, 2020 Much has been written about the advantages of the PPPloan program...Read More