The curriculum includes an overview of the surety industry, introductory financial statement analysis, work in process concepts and application, surety credit information-gathering techniques, submissions to surety companies, review of regularly encountered surety documents and bond forms, commercial surety, introduction to claims handling concepts
NASBP offers a variety of forms for different purposes. Some forms were created by NASBP and its membership, others are offered by industry partners
The second PPP draw limits borrowers to businesses with no more than 300 employees and requires them to demonstrate at least a 25% reduction in revenues in at least one quarter in 2020 when compared to previous quarters. A COVID Revenue Reduction Score replaces the need for the borrower to provide documentation for the 25% revenue reduction, as the SBA recognized that small borrowers may not have the ability to produce a profit and loss statement
The update in large part reflects the changes made to PPP by the Paycheck Protection Program Flexibility Act of 2020, enacted on June 5. The new form can be found here , and the new instructions can be found here . The updated form accommodates both borrowers who are sticking to the original eight week covered period, as well as those who are “flexing” to the 24-week covered period
A second important eligibility requirement is that the borrower must have experienced reduced revenues of 25% or more in 2020 as compared to the same time frame, either annually or quarter vs. quarter, in 2019
By Carmen Calzacorta , Mark Long , Dan Eller , Russel Robertson , Charmin Shiely , Omar Contreras , Kenneth Katzaroff , and Savannah Wolfe of Schwabe Williamson & Wyatt Updated November 5, 2020 Below are the ten important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the applications posted on June 16, 2020, and October 8, 2020. There are three forms and three sets of instructions: (a) PPP Loan Forgiveness Application Form 3508EZ (“Form 3508EZ”), and PPP Loan Forgiveness Application Form 3580EZ Instructions for Borrowers/Checklist for Using SBA Form 3508EZ (“Form 3508EZ Instructions”); (b) : PPP Loan Forgiveness Application Form Revised June 16, 2020 (“SBA Form 3508”) and Loan Forgiveness Application Instructions for Borrowers (“SBA Form 3508 Instructions”); and (c) PPP Loan Forgiveness Application Form 3508S (“SBA Form 3508S”) and PPP Loan Forgiveness Application Form 3508S Instructions for Borrowers (“SBA Form 3508S Instructions).
By Jennifer Grippa of Miles Mediation & Arbitration Published August 25, 2020 On August 5, 2020, Georgia Governor Brian Kemp signed a new law, Senate Bill 315, changing Georgia’s lien law statute, O.C.G.A. 44-14-366