9 Apr 2020 · “Within the last 5 years, for any felony, has the Applicant (if an individual) or any owner of the Applicant 1) been convicted; 2) pleaded ...
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5 May 2021 · A simple guide to help you determine your eligibility for the second PPP loan: qualifications, entity requirements, plus other funding ...
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28 Feb 2021 · Misdemeanors and infractions will generally not affect eligibility for a PPP loan unless those charges are related to fraud, bribery, ...
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8 Apr 2021 · For more information about the First Draw PPP Loan changes and Second Draw ... in bankruptcy were disqualified from receiving PPP loans.
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30 Jan 2021 · There are several reasons why you might be rejected for a PPP loan: First, you might not meet the qualifications of the program. Second, it ...
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8 Mar 2021 · As we documented, these criminal history restrictions, neither required nor contemplated by Congress, impeded access to the Paycheck Protection ...
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30 Dec 2021 · “Has the client, any holder in the client, or any company owned or controlled by any of them, ever acquired an immediate or guaranteed loan from ...
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Of course, a decline in sales or the need to lay off personnel should be documented in your company's bank statements and/or payroll records to avoid what ...
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Summary: Unforgiven PPP loan funds · Failure to meet the 60/40 split. If you fail to spend 60% of your PPP funds on payroll-related costs, your loan forgiveness ...
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27 May 2020 · First, the SBA automatically disqualifies small businesses from receiving PPP loans if any significant shareholder (i.e. who owns at least ...
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19 Jan 2021 · PPP Ineligibility Update: Businesses Ineligible for First Draw and Second Draw PPP Loans · businesses licensed as nursing homes or assisted ...
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30 Jun 2020 · NEW YORK — A federal court determined the Small Business Administration's April and June 18 rule denying small business owners with criminal ... Missing: disqualifies | Must include: disqualifies
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22 Apr 2021 · Reg. 38306. Similarly, lenders will be instructed to deny the loan forgiveness application if the “SBA determines that the borrower [was] ...
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17 Aug 2020 · Then, in March, the pandemic hit. Right away, Parker applied for the PPP and the EIDL loans offered to small businesses as part of the CARES Act ...
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7 May 2021 · Your PPP loan may have been denied because you failed to pass the SBA's eligibility requirements. There's also a chance that you made an error ... Missing: disqualifies | Must include: disqualifies
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