Mallory Law OfficeMay 13, 20201 minAnother SBA Surprise – And It’s Mostly Good NewsThe SBA has updated its FAQ document today adding FAQ 46 that addresses the question that has been on everybody’s mind — how will...
Mallory Law OfficeMay 12, 20201 minWhat Does The SBA’s Uncertainty Mean For PPP Borrowers? It’s Decision TimeI have watched in wonder as the SBA has, week-by-week, materially changed the terms of the PPP loan program. I have spoken to many...
Mallory Law OfficeMay 6, 20201 minSBA Extends Safe Harbor Date To May 14, 2020Based on new guidance issued yesterday, the SBA has automatically extended the Safe Harbor date from May 7, 2020 to May 14, 2020. The SBA...
Mallory Law OfficeMay 4, 20201 minWhat PPP Promissory Notes Are Telling Borrowers About PPP ComplianceSome PPP loan promissory notes we have reviewed are including a definition of the borrower that includes shareholders, partners, and...
Mallory Law OfficeApr 30, 20202 minRecent Treasury Guidance Is A Warning To PPP BorrowersThe Treasury Guidance issued April 23, 2020 provides important guidance on how the SBA and lenders will analyze borrowers’ forgiveness...