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The Pentagon inspector general is launching an audit of coronavirus relief funds, according to the memo. “The objective of this audit is to determine whether the DoD awarded Coronavirus Aid, Relief, and Economic Security Act funding to increase the Defense Industrial Base manufacturing capacity in accordance with Federal regulations and Defense Production Act authorities,” it states.
The hotel industry wrote a letter to President Trump requesting executive action to open up the Main Street Lending Program (MSLP).
The U.S. Small Business Administration released on Oct. 8 the Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules, which would further simplify (1) the forgiveness and loan review processes for PPP loans of $50,000 or less, and (2) for PPP loans of all sizes, lender responsibilities with respect to the review of borrower documentation.
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