Tag Archive: "COVID-19"
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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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New Crisis = New Safety and Soundness Standards, Part 4
In this final piece of the series, we explore the evaluation of Management. We encourage you to join us for our live webinar on Tuesday September 1, 2020 at 2pm CST where we will explore this blog series in more detail. You can use this link to register.
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New Crisis = New Safety and Soundness Standards, Part 3
We continue our review of the latest interagency examiner guidance by exploring Earnings, Capital, Liquidity and Sensitivity to Market Risk.
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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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New Crisis = New Safety and Soundness Standards, Part 2
We continue our review of the latest interagency examiner guidance by exploring PPP Loans, Credit Modifications, Nonaccrual Loans, and the ALLL/ACL. R
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New Crisis = New Safety and Soundness Standards
With the release of interagency examiner guidance for assessing safety and soundness, many financial institutions should take time to assess their readiness for upcoming examinations.
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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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Reconsidering an Estimated Forgiveness Repurchase for Certain PPP Loans
his blog is being posted on behalf of my colleague, Todd Sprang, principal in CLA’s financial institutions practice. Pending legislative alterations to the forgiveness criteria for borrowers, including extension of covered periods, are positive developments for both PPP borrowers and lenders. Generally, these alterations are expected to increase forgiveness amounts and reduce or eliminate any […]
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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, […]