The latest round of Paycheck Protection Program (PPP) funding opened just one month ago. Compared to the same point in the Program last year: The share of funding going to small businesses with fewer than ten employees is up nearly
Before the December 27, 2020, enactment of the new COVID-19 relief law, you may have chosen the Paycheck Protection Program (PPP) loan and given no thought to the employee retention credit. Remember, under the original law, you had to choose
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants a loan? No one. Well, almost no one. But who
The SBA and the Treasury have announced that they will re-open applications for PPP Loans. PPP loans are low-interest loans provided through SBA-approved lenders and can only be used for payroll and other approved expenses. PPP loans that are used
The Paycheck Protection Program (PPP) has been a critical lifeline for businesses across the country. However, even if your PPP loan will be forgiven, there is no free lunch. The forgiveness application process is complex, with exacting requirements that are difficult to navigate. The Small Business Administration (SBA) requires that every penny of your loan
Congress is on the verge of passing the next Coronavirus Relief bill and a large Omnibus Spending bill after months of gridlock. The two bills come in at $2.3 trillion, with $900 billion in Coronavirus Relief, and $1.4 trillion to
The Small Business Administration (SBA) officially opened its PPP loan forgiveness portal on August 10th. However, many banks have decided not to begin the loan forgiveness process as they wait on further guidance from the SBA. Many lenders will not
The Small Business Administration (SBA), in consultation with the Department of the Treasury, has provided new guidance to address borrower and lender questions concerning forgiveness of Paycheck Protection Program (PPP) loans, as provided for under section 1106 of the Coronavirus
