Posts filtered by tags: Paycheck Protection Program[x]


Here’s What to Do If You Are Denied PPP Loan Forgiveness?

If you were denied for all or part of the money on your PPP loan forgiveness application, your appeal must be timely. You have 30 days to appeal. The clock starts when you receive written notification from the Small Business Administration (SBA). What to Do If You’re Denied PPP Loan Forgiveness This is an important element of the 30-day time frame. It’s NOT 30 days from the time your lender received the notification. It’s 30 days from when YOU received the notification. In other words, if you...
Tags: Sales, Washington Dc, PPP, Irs, Small Business Administration, SBA, OHA, Small Business Administration SBA, Federal District Court, Small Business News, Paycheck Protection Program, SBA Office of Hearings

Half The PPP Loan Money For Culture Went To Only 228 Institutions. They Still Laid Off A Quarter Of Their Workers.

The purpose of the Paycheck Protection Program was to let businesses hobbled by the pandemic retain their employees. An AFSCME study found that, out of 7,500 eligible cultural institutions, 228 large ones got $771 million, half the total — and let go of 28% of their staff. – Hyperallergic
Tags: Art, Featured, PPP, Issues, AFSCME, Paycheck Protection Program

United States: Paycheck Protection Program – Borrower Appeals Of Final SBA Loan Review Decisions - Proskauer Rose LLP

On September 16, 2021, the U.S. Small Business Administration ("SBA") issued an Interim Final Rule (the "Borrower Appeal Rule") detailing the (largely technical)
Tags: News, United States, U S Small Business Administration SBA, Paycheck Protection Program

Sunland man gets 41 months in prison for $650K Paycheck Protection Program fraud

LOS ANGELES — A Sunland resident has been sentenced to 41 months in federal prison for fraudulently obtaining a $650,600 Paycheck Protection Program loan under a program intended by Congress to help small businesses survive the COVID-19 pandemic, prosecutors announced Friday. Andranik Amiryan, 42, was sentenced late Thursday by U.S. District Judge Dolly M. Gee, who also ordered him to pay $650,600 in restitution. Amiryan pleaded guilty in April to one count of conspiracy to commit bank fraud. Ge...
Tags: News, Congress, Cdc, Los Angeles, Sport, Soccer, Biden, Doj, Northridge, U S Department of Justice, LA County, Sunland, Dolly M Gee, ACBA, Top Stories LADN, Disneyland Universal Studios Hollywood

Kevin McCarthy begged Trump to call Biden on the eve of his inauguration but Trump refused: book

WASHINGTON, DC - APRIL 24: House Minority Leader Rep. Kevin McCarthy (R-CA) and U.S. President Donald Trump attend a signing ceremony for H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act, in the Oval Office of the White House on April 24, 2020 in Washington, DC. The bill includes an additional $321 billion for the Paycheck Protection Programs forgivable loans to cover payroll and other costs for small businesses. Hospitals and other health care providers will receive $...
Tags: Politics, News, California, Washington, White House, Trends, Joe Biden, Washington Dc, House, The New York Times, Biden, Donald Trump, Mccarthy, Trump, House Gop, Hope Hicks

Official: Reality TV Star Sentenced for Ponzi Scheme, Fraud

A former cast member on the reality television show Love & Hip Hop: Atlanta has been sentenced to more than 17 years in federal prison for conspiracy and wire fraud related to a Ponzi scheme — and other charges involving a fraudulent Paycheck Protection Program loan application.
Tags: Atlanta, Paycheck Protection Program

United States: Toomey Discusses Success Of Paycheck Protection Program In The Colorado Sun - Arnold & Porter

Financial Services partner Kevin Toomey was quoted in a recent article from The Colorado Sun that discusses the impact of Paycheck Protection Program loans on Colorado businesses...
Tags: News, Colorado, United States, Financial Services, Porter, Toomey, Colorado Sun, Paycheck Protection Program, Colorado Sun Arnold, Kevin Toomey

In the News: The Fate of Gig Workers Still Not Clear in California

This week, a Judge Rules California Proposition 22 is Unconstitutional – So Now What? In the ruling, California Supreme Court Judge Frank Roesch said, “Proposition 22 illegally limits the power of a future legislature to define app-based drivers as workers, subject to workers’ compensation laws.” Gig economy workers and/or independent contractors don’t have the same classification as regular employees with the companies they work for. And the goal of Proposition 22 was to make that clear in the...
Tags: California, Sales, Walmart, United States, Bill De Blasio, California Supreme Court, PPP, Trump, Small Business Administration, U S Armed Forces, Cincinnati Ohio, SBA, Small Business News, Space Force, Small Business Radio Show, Paycheck Protection Program

Trump favorite Herschel Walker files to run for Georgia Senate seat

By Jeff Amy | Associated Press ATLANTA — Herschel Walker on Tuesday filed paperwork to run for U.S. Senate in Georgia after months of speculation, joining other Republicans seeking to unseat Democratic Sen. Raphael Warnock in 2022. Walker, 59, joins the race with high name recognition, having won the Heisman Trophy in 1982 as a University of Georgia running back. Perhaps more importantly in today’s Republican Party, he carries the backing of former President Donald Trump. Walker has never run f...
Tags: Politics, Elections, Texas, News, Navy, Senate, Uncategorized, NFL, Atlanta, Georgia, Sport, Joe Biden, Soccer, Gop, Dallas, Associated Press

First PPP Loan Forgiveness Application Deadline Looms

If you got a Paycheck Protection Program loan during the first draw, your deadline for applying for forgiveness is August 30, 2021. The applications for forgiveness are made through your lender or through the PPP Loan Forgiveness Portal opened by the Small Business Administration. First PPP Loan Forgiveness Deadline is August 30, 2021 If you obtained a PPP loan, your covered period starts on the day the loan money was deposited. The covered period length could be from 8 to 24 weeks. The cover...
Tags: Sales, PPP, Small Business News, Paycheck Protection Program, PPP Loan Forgiveness Portal

Daughter of Broward Commissioner Accused of COVID PPP Fraud

The 28-year-old daughter of a South Florida commissioner who's running for Congress is facing federal charges for receiving a $300,000 loan from the Paycheck Protection Program to pay employees who didn’t exist at a consulting firm.
Tags: Florida, Congress, Broward, Paycheck Protection Program

Federal cash, and strings, flood state and local governments

Warnings that state and local governments faced a fiscal calamity were predictably plentiful when it became clear in early 2020 that COVID-19 would cause major social and economic disruptions. Predictable because it has become gospel that the solution to an economic downturn is to have the federal government suck money out of the private sector, redistribute it to state and local governments minus a cut for all three levels of bureaucracy and then spend the remainder — often wastefully — accordi...
Tags: Congress, California, Opinion, Sport, Soccer, Biden, Sam, Gavin Newsom, Trump, National Association of State Budget Officers, Mercatus Center, Veronique De Rugy, Opinion columns, COVID, Paycheck Protection Program

United States: Pandemic Economic Stimulus: Legislative And Regulatory Developments As Of July 30, 2021 - Hughes Hubbard & Reed LLP

This week, the Small Business Administration announced an online portal through which Paycheck Protection Program borrowers may seek loan forgiveness directly from the SBA.
Tags: News, United States, Small Business Administration, Legislative, Hughes Hubbard, Reed LLP, Paycheck Protection Program

Lawmakers, union seek transparency in PPP loans issued to hotels

A coalition of lawmakers and a local union are urging the Small Business Administration to provide more transparency in how Paycheck Protection Program loan money has been spent by the hotel industry. In a letter sent this week to SBA Administrator Isabella Casillas Guzman, Rep. Nanette Diaz Barragan, D-San Pedro, and 12 of her colleagues note that, while PPP loans were designed to keep people working during the COVID-19 pandemic or bring them back as the health crisis waned, numbers show that h...
Tags: Business, News, Congress, Sport, Soccer, Hilton, Long Beach, Loans, Houston, Department Of Justice, Local News, PPP, Southern California, Sheraton, San Pedro, Westmont

Encino man created 8 fake businesses, filed for $27 million in bogus COVID-19 loans, feds say

An Encino man was arrested Thursday for attempting to bilk the federal Paycheck Protection Program, created last year to prop up business struggling during the coronavirus pandemic, out of about $27 million in loans to a handful of fake companies he created, prosecutors say. Robert Benlevi, 52, was accused of fabricating the details of eight businesses he registered in California over several weeks in Summer 2020, saying each company employed 100 people and averaged $400,000 a month in payroll. ...
Tags: News, Congress, California, Virginia, Atlanta, Sport, Nasa, Soccer, Courts, PPP, Trump, U S Department of Justice, Small Business Administration, LA County, Chiapas Mexico, Barrack

Rep. Maxine Waters calls for federal probe into alleged 'Executioners' gang in Los Angeles Sheriff's Department

House Financial Services Committee Chairwoman Maxine Waters, takes her mask off to speak during a signing ceremony for the Paycheck Protection Program and Health Care Enhancement Act, H.R. 266, after it passed the House on Capitol Hill, Thursday, April 23, 2020, in Washington. Associated Press/Andrew Harnik Rep. Maxine Waters is asking for a federal probe into the Los Angeles Sheriff's Department. Waters called on Attorney General Merrick Garland to investigate the alleged "Executione...
Tags: Politics, Washington, Los Angeles, Trends, House, Capitol Hill, Police Brutality, Doj, Los Angeles Times, Compton, Los Angeles County, Gonzalez, South Los Angeles, Maxine Waters, House Financial Services Committee, Andres Guardado

Square Banking Launched for Small Businesses

Square, providers of tools designed to empower small businesses, has launched a new suite of financial products designed to help small businesses manage cashflow and grow their business. Known as Square Banking, the suite is aimed at providing small businesses with affordable and accessible automation banking tools to help them streamline operations and compete with larger businesses. Square Banking Launched The suite comprises of three products, Square Savings, Square Checking and Square Loa...
Tags: Sales, Square, FDIC, Small Business News, Square Capital, Sutton Bank, Paycheck Protection Program, Square Banking, Square Banking Launched for Small Businesses, Christina Riechers Square Banking, Riechers, Square Financial Services Square Savings, Building Banking Tools, Square Debit Card In, Square Savings and Square Checking, Federal Reserve Square Loans

NASA exec convicted of fraud for using almost $300,000 in COVID relief to pay for a $6,450 French bulldog, a swimming pool and a Disney membership

Andrew Tezna was in a high-ranking position at NASA. Rafael Henrique/SOPA Images/LightRocket via Getty Images A NASA executive was sentenced to 18 months for filing fraudulent paperwork for COVID-19 relief. Andrew Tezna used the more than $285,000 he received on a French bulldog and a Disney membership. A US attorney said Tezna used COVID-19 relief programs as "a personal piggy bank." See more stories on Insider's business page. A senior executive at NASA who received $285,000 in COVID...
Tags: Space, Florida, News, Virginia, Disney, US, Trends, Nasa, Loans, Department Of Justice, PPP, Justice Department, Small Business Administration, Eastern District of Virginia, Leesburg Virginia, Disney Vacation Club

Fact check: Progressive pundits falsely claim Rep. Lauren Boebert got a Paycheck Protection Program loan

Colorado Rep. Lauren Boebert, a Republican known for her right-wing views, gave a Saturday speech in which she expressed vehement opposition to government involvement in Americans' lives.
Tags: Colorado, Cnn, Lauren Boebert, Paycheck Protection Program

Congress passed a $16 billion program to save entertainment venues rocked by the pandemic. It became a mismanaged fiasco, with thousands of businesses still waiting for relief.

The Paramount Theatre, which is operated by the non-profit Seattle Theatre Group arts organization, displays a sign on March 15, 2021 to mark the one-year anniversary of the date it closed due to the COVID-19 pandemic. Ted S. Warren / AP Images Congress passed a $16 billion bipartisan relief package for venues months ago. The rollout has been a slow, bug-ridden disaster, and thousands of venues don't have their money. "Each day these venues don't get their money they're going o...
Tags: Facebook, Politics, New York, News, Congress, Senate, US, Los Angeles, Trends, Barcelona, Austin, Brooklyn, Williams, House, Broadway, Muse

From parks and transit to a ‘mass exodus’, Valley leaders pitch solutions

How do you keep Californians in California? Is there funding in the pipeline for San Fernando Valley projects? Is infrastructure repair in the works? The list goes on… . Four members of Congress discussed issues affecting San Fernando Valley-area residents and businesses at the Valley Industry and Commerce Association Congressional Luncheon on Friday, July 9. The event, presented by Comcast NBCUniversal, the Los Angeles Department of Water and Power and co-sponsored by Amazon, Boeing, Los Angele...
Tags: Business, Florida, Politics, Texas, News, Congress, California, Los Angeles, Sport, Economy, Soccer, Idaho, House Of Representatives, Local News, University Of California, Brad Sherman

United States: A Bankruptcy Conundrum: When You Must Seek Relief To Seek Relief - Sheppard Mullin Richter & Hampton

Though bankruptcy filings are down in 2021, the expiration of the Paycheck Protection Program and reopening of the courts nationwide could lead to a rise in bankruptcy filings with many businesses...
Tags: News, United States, Hampton, Mullin Richter, Paycheck Protection Program

Union: SBA Is Preventing Temporary Workers from Organizing

Although the Small Business Administration advertised temporary two-year positions processing Paycheck Protection Program loans as belonging to a bargaining unit, the agency stripped the jobs of that status after AFGE inquired about job conditions.
Tags: Management, Small Business Administration, SBA, AFGE, Paycheck Protection Program

Brady Gun Control Group Taking Second Taxpayer Funded COVID Bailout

Brady Gun Control Group Taking Second Taxpayer Funded COVID Bailout. IMG NRA-ILA U.S.A. –-( The Brady Center to Prevent Gun Violence will soon receive a second taxpayer-funded PPP loan of $579,530, which was approved by the Small Business Administration just last month. Last year, the gun control group received a PPP bailout of $695,000. As soon as the funds from the current loan are disbursed, it will mean the Brady Center has cost taxpayers more than $1,274,530. The multi-bi...
Tags: Florida, Guns, Washington, Los Angeles, Chicago, Fairfield, PPP, Rhode Island, Irs, Raleigh, Lee, Brady, Small Business Administration, SBA, Garland Texas, Second Amendment Foundation

United States: PPP Fraud: Update On The DOJ's Activity - Kelley Drye & Warren LLP

This article highlights recent Justice Department actions concerning Paycheck Protection Program loans and what businesses need to know to avoid civil and criminal liability.
Tags: News, United States, Doj, PPP, Justice Department, Kelley Drye, Paycheck Protection Program, Warren LLP

COVID-19 curbed foreign investment in Southern California in 2020

California suffered a notable loss of foreign-owned businesses and jobs last year amid the COVID-19 pandemic, and the state will need to boost its marketing efforts to get them back,   a new report says. The study from World Trade Center Los Angeles and the Los Angeles County Economic Development Corp. shows California lost 267 foreign-owned enterprises in 2020, leaving the state with 18,451. Those foreign-owned companies employed 703,187 workers last year, a decline of 27,461 from 2019 as a re...
Tags: Business, Japan, UK, New York, Hollywood, Texas, News, California, France, Germany, Los Angeles, Sport, Soccer, Silicon Valley, Toyota, World Trade Center

Orange farm in southern Minnesota landed PPP loan with little scrutiny

Pro Publica's review of federal Paycheck Protection Program loans turned up "fake farms in absurd places"
Tags: Minnesota, PPP, Paycheck Protection Program

Manage Client Expectations, Even If It Makes You A Buzzkill

Manage client expectations from the beginning to minimize the chances of frantic (and possibly angry) calls later.
Tags: Law, PPP, Tax Law, Small Law Firms, Steven Chung, Coronavirus, COVID-19, Paycheck Protection Program

United States: FRB Extends PPP Exception For Bank Insiders - Cadwalader, Wickersham & Taft LLP

The Federal Reserve Board adopted an interim final rule to further extend an exception for Paycheck Protection Program loans and second draw PPP loans filed from March 31, 2021 through March 31, 2022 under ...
Tags: News, United States, PPP, Federal Reserve Board, Taft LLP, Paycheck Protection Program

The FBI is investigating a possible scheme to illegally fund Sen. Susan Collins' 2020 reelection in Maine

Sen. Susan Collins of Maine at a hearing of the Senate Health, Education, Labor, and Pensions Committee on September 23 in Washington, DC. Alex Edelman-Pool/Getty Images The FBI is investigating whether Sen. Susan Collins' 2020 reelection received illegal funding. Prosecutors accused a naval contractor of funneling cash into a pro-Collins super PAC. Regulations make it illegal for government contractors to donate to super PACs. See more stories on Insider's business page. The FBI i...
Tags: Politics, News, Washington, Trends, Department Of Defense, Bloomberg, Fbi, Maine, PAC, Susan Collins, Collins, Super Pacs, US Department of Justice, Annie Clark, KAO, Sen Susan Collins