Category: payday loans no checks

most finance companies is going to have a minimal credit score rating need

most finance companies is going to have a minimal credit score rating need

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Speedy advance loan payday advances no credit assessment pay day loans in virginia no credit score assessment

Speedy advance loan payday advances no credit assessment pay day loans in virginia no credit score assessment

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Ineligible PPP Borrowers Granted Safe Harbor Period to Return Money by May 7

Ineligible PPP Borrowers Granted Safe Harbor Period to Return Money by May 7

Highlights

Please note: On , the safe harbor deadline for repayment of PPP loans was extended from May 7 to May 14. Read our follow-up alert here.

  • Authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) was set up to provide small businesses access to emergency capital in the form of low-interest private loans guaranteed by the U.S. Small Business Administration (SBA).
  • PPP loans are going to be audited and borrowers may face enforcement scrutiny. Main areas of risk include: 1) necessity for the loan, 2) size eligibility, 3) amount of loan requested and 4) use of loan proceeds.
  • SBA wants borrowers to seriously consider their certification that the loan was “necessary” to support ongoing operations. (more…)