. The SBA warned companies they must certify that they actually needed the loan funds. When assessing that need, companies — particularly those backed by private-equity firms — needed to consider whether they had access to alternative sources of funding, such as from their investors. Venture capital are generally considered to be a kind of private equity.
The new guidance "changed the game a little bit for a number of companies, and they decided not take it," Murphy said. Even if one assumes it's equivalent to a regulation or a law, the document still leaves room for uncertainty, he said. In the FAQ, the SBA seemed to leave open the possibility that it might still audit loans of less than $2 million and could force companies to repay loans if it determined they didn't need the money, he said.
And it may be a red flag to such law enforcement officials and regulators if a company applied for a loan after the latest change after either pulling its application or repaying a loan following the prior guidance, he warned. Such a sequence of events might suggest to law enforcement officials that a company's leadership didn't really believe the company qualified for the loans.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Starling is off to a fast start on relief loans - Business Insider - Business InsiderStarling has been stepping up its efforts to appeal to businesses amid the pandemic, and it's already reaping some tangible benefits
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Trump criticizes Anthony Fauci for urging caution in reopening schools - Business InsiderTrump criticizes Dr. Fauci for urging caution in reopening schools and suggests Fauci exaggerated the risk coronavirus poses to children Fauci should just quit the White House now. He gives advice and Trump ignores it. He should just go on TV and give advice there. People will listen or they would, but he won’t have to deal with Trump’s bullsh*t. tRump is firing Dr. Fauci before the weekend. 😷 Yup.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderThe head of podcasting at Veritone One spoke to Insider Intelligence about how advertisers have shifted priorities in light of the pandemic's impact on podcast listening
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Startup founders with the most to lose in a recession are working moms - Business InsiderThe looming economic crisis could wipe out female founders' gains in male-dominated Silicon Valley. Experts say childcare is the key in making sure that doesn't happen. If women are upset that they could lose more money than men perhaps knowing that the virus disproportionately kills more men wil cheer them up.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
VMware to acquire security startup Octarine as it bets on Kubernetes - Business InsiderVMware is acquiring the cybersecurity startup Octarine as it bets big on Google-created Kubernetes technology, and it could help attract more developers
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
How I paid off $22,680 of my husband's student loan debt in two years - Business InsiderPeople may say paying off someone else's debt is enabling them — but by paying down his loans, I was building our net worth as a couple.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »