COVID-19 financial management and disaster relief
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Updates on PPP Loan Forgiveness
With new forms come new observations…see what Brittany Stern has to share about the new PPP forgiveness forms.
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Insights and Observations on Recent PPP Loan Originations
As we assist lenders with the latest round of PPP originations, we share our observations learned so far in the process.
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PPP Aspects of the Consolidated Appropriations Act, 2021 for Lenders
As we wait for SBA’s near-term guidance on administration of the revised PPP, read some of our current insights.
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$900 Billion Pandemic Relief Bill Awaits President’s Decision to Sign
As we wait for the President to sign the latest economic relief package, included are key provisions for financial institutions involved in PPP.
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Lender and Borrower Impacts of Newly Released Form 3508S
Last week’s interim final rule from SBA and Treasury introduced a new form to the PPP forgiveness process. Read on to see what it means for lenders and borrowers.
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Observations on the PPP Loan Forgiveness Process
In this blog, we share our observations on the PPP forgiveness process and additional ways to assist borrowers through this process.
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Observations on Recent PPP Releases from SBA
Submission of PPP loan forgiveness applications are expected to begin today. Are you and your borrowers ready?
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The Impact of the PPP Flexibility Act and Related SBA Releases of Updated Form 3508
The Paycheck Protection Program continues to evolve and the passage of the Paycheck Protection Program Flexibility Act of 2020 has created more questions. Here are some insights to help lenders navigate these changes.
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Financial Institutions Will Likely Not Qualify for Employee Retention Credit
The CARES Act includes an Employee Retention Credit designed to encourage businesses affected by the COVID-19 crisis to keep employees on their payroll by offering a refundable payroll tax credit of up to $5,000 per employee to help offset salary costs if certain criteria are met. The initial guidance about this new credit was limited, […]
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Stress Testing During a Stressful Pandemic? How Stress Testing Can Help
This blog is being posted on behalf of my colleague, Erica Crain, leader of CLA’s national credit risk services. It is no surprise stress testing would move to the top of the list during a global pandemic and economic crisis. If there is one thing present in most people and in most places right now, […]