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Laurel Sykes's Blog

SBA Issues Revisions to PPP Loan Forgiveness Rule on June 22, 2020

No sooner did we publish our last post indicating we were awaiting revisions to SBA’s Loan Forgiveness Rule for Paycheck Protection Program (“PPP”) loans, than the Administration issued the revision

SBA Issues New PPP Loan Forgiveness Applications on June 17, 2020

Can an interim rule really ever be final?  I say that in jest, but we certainly aren’t laughing when we say that nothing is ever final in the land of Paycheck Protection Program (PPP) loans.  On June 16, 2020, the Small Business Administration (“SBA”) issued a revision to the very first April 2,

Spotlight on COVID Scams Targeting Older Adults

June is World Elder Abuse Awareness month, and today we wanted to shine the light on new variations of common scams targeting older adults.  It’s no secret that scammers follow the headlines, and it didn’t take long for them to start using COVID-19 as the new bait to hook their v

World Elder Abuse Awareness Day – June 15, 2020

Today, June 15, 2020, is World Elder Abuse Awareness Day.

President Signs the PPP Flexibility Act into Law on June 5, 2020

On Friday, June 5, 2020, the President signed into law the Paycheck Protection Program Flexibility Act (the “Act”), which provides relief for several of the more restrictive provisions of the PPP Loan Program.  Additional guidance is necessary before we can begin processing PPP loan forgiveness a

The Paycheck Protection Program Loan Forgiveness Saga Continues – May 27, 2020

Late Friday night, the SBA issued additional Interim Final Rules that provide guidance on: 1) new SBA loan review procedures (“SBA Loan Review rule”) an

The Current State of Paycheck Protection Program Loan Forgiveness – as of May 21, 2020

You may have heard that the Small Business Administration (“SBA”) released the Paycheck Protection Program Loan Forgiveness Application on Friday, May 15, 2020.

Update on the Paycheck Protection Program (PPP)

Last week, the SBA made a new $310 billion appropriation of funds available for loans to small businesses under the 7(a) Paycheck Protection Program, which was created by the CARES Act.  Under this “tranche”

The CARES Act: What You Should Know

As you may have heard, the President signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

CARES Act Signed into Law

American Riviera Bank remains committed to assisting our customers during this challenging time.  We know you likely have questions about your existing loans with ARB, and we continue to receive questions on how to access the multitude of government loan programs being made available.  Please kno