Tag Archive: "COVID-19"
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All Insured Depository Institutions Should Strongly Consider Becoming PPP Lenders
Based on documents released from the Treasury on March 31, 2020, we now believe that all insured depository institutions will not only be eligible to participate as lenders in the Paycheck Protection Program (“PPP”), but will be quickly accepted by the SBA with a very limited approval process. The process may be as simple as […]
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HUD Provides 30-Day Extension for All Financial Statement Submissions
On March 13, 2020, the United States Department of Housing and Urban Development (HUD) issued approval for a 30-day extension for all financial statements having a due date of March 31, 2020 due to the business disruptions caused by the COVID-19 virus.