PPP Loan Alert – SBA & Treasury Issue Guidance on PPP Flexibility & Updated Applications

On June 10, 2020, the Small Business Administration (SBA) and Treasury Department issued an interim final rule to address changes made by the Paycheck Protection Program Flexibility Act (PPPFA).  Streamlined…

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Changes to PPP – What Should You Know?

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (PPPFA).  The PPPFA provides flexibility to borrowers attempting to maximize the benefits provided…

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SBA Interim Final Rules on PPP Loan Forgiveness & Borrower/Lender Responsibilities

On May 22, 2020, new interim final rules were released by the Small Business Administration (SBA) providing guidance to borrowers and lenders regarding the SBA’s review process under the Paycheck…

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New PPP Guidance from the SBA Regarding Good Faith Need Certification

On May 13, the SBA released new guidance regarding the required good faith certification of need by PPP loan applicants, providing safe harbor to all recipients of less than $2…

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The Role of the Board During Crisis

Whether it’s a cyber-attack, an executive’s misconduct or the health and economic crisis resulting from COVID-19, the Board of Directors plays an important role in helping its organization navigate and…

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Managing Director Frank Pina Co-Authors Article for Fraud Magazine

Managing Director Frank Pina, CPA, CFF, CFE, CGMA, Co-Chair of Mercadien’s Forensic & Litigation Support Group, authored an article on Drexel University’s Fraud & Internal Control Case Competition with Barbara…

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Cash Flow Considerations for the “New Normal”

Due to COVID-19 and its effects on the economy, a major concern for all businesses is liquidity.  Preserving cash flow should be a focus for business owners, whether they are…

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Paycheck Protection Program Reloaded

On April 24, 2020, President Trump signed another Coronavirus relief package into law that included an expansion of the Paycheck Protection Program (PPP), making an additional $310 billion available to…

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A Discussion on COVID-19 & Its Impact on Organizations

Mercadien Managing Directors Kyle Neeld, Lee Boss, Sherise (Sherry) Ritter and Frank Pina all sat down online and had an open discussion answering frequently asked questions as it relates to…

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PPP came through for me! Now what do I do?

Owners of numerous small businesses applied for potentially forgivable loans under the Paycheck Protection Program (PPP) created as part of the CARES Act, designed to incentivize employers to maintain payroll…

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