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… this vital Program.” The SBA has so far received 1,346,125 forgiveness applications for approximately $170.5 billion.  … with loans up to $50,000, 88% have been approved for forgiveness. The new data comes as the Paycheck Protection … guards, as eligible expenses as well. The SBA provides PPP Forgiveness Submission & Payment Metrics, as well as Paycheck …

… Program First Draw PPP loan Second Draw PPP loan PPP loan forgiveness PPP lender information PPP data Get help with …

… False Certifications on a Paycheck Protection Program Loan Forgiveness Application March 20, 2023 Stakeholders of the …

… authorized representative, applied for and received full forgiveness of its Second-Draw PPP loan. ALICE + OLIVIA … respects. When ALICE + OLIVIA later applied for PPP loan forgiveness, it misrepresented in its application that it had … its submission of its Second-Draw PPP loan application and forgiveness application.  Specifically, ALICE + OLIVIA …

… assistance loans, Paycheck Protection Program (PPP) loan forgiveness, and PPP loan guaranty purchases programs. … Publish effective corrective action plans for the PPP loan forgiveness and PPP loan guaranty purchases and did not … payment estimate of less than 10 percent for the PPP loan forgiveness, PPP loan guaranty purchases, and Restaurant …

… relating to loan maturity, deferral of loan payments, and forgiveness provisions. In addition, as an exercise of SBA’s … SBA will issue additional guidance regarding loan forgiveness and a revised forgiveness application to implement the PPPFA in the near …

… MMC, through its authorized representative, applied for forgiveness of most of the PPP loan, and $6,197,696.64 of the … as one-third of an employee. When it applied for PPP loan forgiveness in June 2021, MMC misrepresented in its … with its submission of its PPP loan application and forgiveness application. Specifically, MMC falsely certified …

… were ineligible for the PPP loan and any subsequent loan forgiveness. Affiliates who are found to have provided … including repayment of the loan, ineligibility for loan forgiveness, and possible referral for civil or criminal … review of their respective applications. Prior loan forgiveness does not prevent the SBA from exercising its …

… for payroll costs. Eligible expenses for the eight-week forgiveness include:   Payroll costs (excluding the prorated …

… is potentially ineligible for the loan or for loan forgiveness. It is imperative that SBA completes its review … SBA’s guidance stipulates that all loans for which a forgiveness payment has been made and later determined to be … two steps of its four-step review process for loan and/or forgiveness amounts in which the reviewer and approver …

… businesses). And the SBA is delivering on its promise of forgiveness as nearly 1.7 million small businesses with PPP … $150,000 have received relief through the SBA’s new direct forgiveness portal . While work remains to close capital … $150,000 have received relief through the SBA’s new direct forgiveness portal . In addition to the Community Navigator …

… expenses. EfJP applied for, received, and obtained forgiveness for First Draw and Second Draw loans with a value …

… of improper payments to lenders for amounts ineligible for forgiveness as well as any fees. OIG communicated summary … applications are properly reviewed before processing for forgiveness or any further disbursements. To establish more …

… time of application but subsequently became eligible for forgiveness due to updated PPP guidance. The YMCA … no more than 500 employees at the time of application and forgiveness. We also reviewed the three national …

… requirements were met and, if not, seek repayment of forgiveness amounts granted to ineligible borrowers. SBA …

… to obtain Paycheck Protection Program (PPP) loans and loan forgiveness. The companies are part of a global conglomerate … 2020 for a First-Draw PPP loan, and an application for forgiveness of that loan in 2021, based on a calculated loan …