The Biden Administration Announces Changes to PPP to Help Small Businesses
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 …
PPP Loan Recipients: Take Advantage of the Employee Retention Credit Retroactively!
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 …
Don’t Miss Your Chance to Get a PPP Loan
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 …
Paycheck Protection Program (PPP) Re-Opens on January 11th
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 …
What’s in the Proposed Coronavirus Relief and Omnibus Spending Bills?
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, …
The PPP Loan Forgiveness Portal is Open, But You May Have to Wait to Apply
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 …
Frequently Asked Questions on PPP Loan Forgiveness
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) …