However, if they don't want to start making any payments, they have up to 10 months from the end of their covered period to apply for forgiveness, which gives the earliest borrowers a deadline sometime in May 2022. The SBA advises that borrowers can begin the forgiveness process as soon as they have spent the funds.
What are the new rules for PPP loan forgiveness?
The “60/40 split” is still in effect: To receive maximum loan forgiveness, borrowers must spend at least 60% of their loan on eligible payroll costs, and no more than 40% on eligible non-payroll costs. SBA wrote in an interim final rule: “At least 60% of the PPP loan proceeds shall be used for payroll costs.Aug 2, 2021
Can you draw using OneNote?
OneNote lets you draw, sketch, or write notes with a your finger, a pen, or even a mouse. You can also choose from a shapes gallery instead of drawing freehand. Click the Draw tab. Click any of the pens or highlighters on the ribbon, and then use the mouse to draw or sketch notes on the page.
Can you do handwriting in OneNote?
OneNote includes a handy conversion tool so you can change handwritten text into typed text. This is useful if you want to share your handwritten notes in a more legible format with other people. On the page, drag a selection over the handwriting you want to convert. On the Draw tab, choose Ink to Text.
Has anyone went to jail for PPP?
A Texas man was sentenced today to 110 months in prison for his scheme to fraudulently obtain and launder proceeds from more than $1.6 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
What happens if you can't pay back the PPP loan?
In short, bankruptcy may offer a solution for those unable to repay unforgiven PPP loans, and in some cases may also help resolve EIDL loans. However, the borrower should first explore the possibility of forgiveness–the requirements are less stringent than when the program was first created.
Will PPP loans be investigated?
Several government agencies investigate PPP loan fraud. The Small Business Administration (SBA) is the primary agency disbursing PPP loans and is the lead investigator in many ongoing cases. The FBI, DOJ, and the Treasury Department are also investigating. Multiple applications for PPP loans.
What will happen to PPP loan frauds?
A person charged with PPP loan fraud may face serious criminal and civil penalties. The penalty depends on the amount of money taken, up to 20 years in prison. Bank Fraud (18 U.S.C. Section 1344) This is similar to wire fraud but involves making false statements to a bank or other financial institution.
How do I enable drawing in Notes?
In a note, tap the Markup button . Choose a color and a drawing tool, like the pencil or marker. Use your fingers to create your drawing, or use Apple Pencil on a compatible iPad. Tap Done.
Why can't I draw on apple notes?
If you try to double-tap or tap-hold in the middle of a paragraph, you won't see the "Insert Drawing" option. After you click "Insert Drawing", you will see your new drawing section. Note that if you would like to resize your drawing section, just tap the little circles on the left-side and drag up or down.
Can you handwrite in Apple notes?
Use the Notes app to draw a sketch or jot a handwritten note with Apple Pencil (on supported models) or your finger. You can choose from a variety of Markup tools and colors and draw straight lines with the ruler.