COVID-19

SBA streamlines forgiveness process for most PPP loans

The U.S. Small Business Administration (SBA) published new guidance on July 28, 2021, designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less. In a new interim final rule (IFR), the SBA introduced a COVID Revenue Reduction Score that can be used […]

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SBA launches new Paycheck Protection Program loan forgiveness portal

The Small Business Administration (SBA) has officially launched a streamlined Paycheck Protection Program (PPP) loan forgiveness portal. The portal will allow small-business owners with loans of $150,000 or less to apply for forgiveness directly with the SBA. The SBA’s portal was announced earlier in July, as well as its efforts to allow small-business owners to […]

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July 1, 2021 Ohio NF Medicaid Rates

The Ohio Department of Medicaid (ODM) has finalized the fiscal year (FY) 2022 Medicaid rates for Ohio nursing facilities (NF) effective 7/1/2021 to 12/31/2021 using the provisions in the biennium budget bill, HB 110, including a partial rebasing of peer group prices and additional funding for the quality incentive payments.  The statewide average 7/1/2021 Medicaid […]

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New PRF Single Audit Guidance

PRF Background Our last 2 updates Provider Relief Fund (PRF) Reporting Portal is Now Open and Revised PRF Reporting Requirements including Extended Time to Expend Some Funds provide some important background. In this article, we have an update to Single Audit Requirements based on recent HHS updates to the Provider Relief Funds Frequently Asked Questions (FAQs) […]

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SBA officially drops PPP Loan Necessity Questionnaire requirement

The U.S. Small Business Administration (SBA) has informed lenders that it is eliminating the loan necessity review for Paycheck Protection Program (PPP) loans of $2 million or greater. In a notice sent July 9, the SBA said it would no longer request either version of the Loan Necessity Questionnaire: SBA Form 3509 for for-profit borrowers […]

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