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Insurance & Financial Services

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VIEWPOINT: SBA’s troubling new requirements for PPP borrowers of more than $2 million

The U.S. Small Business Administration (SBA) has circulated Paycheck Protection Program (PPP) loan-necessity questionnaire forms that it intends to require borrowers with PPP loans in excess of $2 million to complete. It is expected that nonprofit-entity borrowers will be required to complete Form 3510 (https://www.bsk.com/uploads/SBA-Form-3510.pdf) and for-profit entity borrowers will have to complete Form 3509

Mercer survey: Health-benefit costs expected to grow 4.4 percent in 2021

Employers expect their health-benefit costs to increase 4.4 percent, on average, in 2021 compared to 2020.  That’s according to early results from Mercer’s National Survey of Employer-Sponsored Health Plans 2020.  The increase — based on 1,113 employer responses since early July — is “largely in line” with the average annual cost growth over the past six

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