SBA disaster loans Archives - BeachFleischman CPAs

Looking for a 2022 safety net for your business? Act on EIDL funding before year end

December 23, 2021 Christine Ulibarri COVID-19, Tax Bites BBBA, COVID-19, EIDL, SBA, SBA disaster loans

There’s still time to apply for COVID-19 Economic Injury Disaster Loan (EIDL) funding, but time is running short.

EIDL program retooled for still-struggling small businesses

September 22, 2021 September 23, 2021 Tax Department COVID-19, Tax Bites ARPA, CARES, COVID-19, EIDL, SBA disaster loans

Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program.

SBA issues new guidance on PPP loan necessity certification

May 13, 2020 November 4, 2021 Dave Iaconis and CariAnn Todd COVID-19, Tax Bites good-faith certification, PPP, SBA, SBA disaster loans

There have been many questions regarding Paycheck Protection Program (PPP) loans and the borrowers’ required good-faith certification concerning loan necessity. Concerns over the possible ramifications of applying for the loan and then having the Small Business Association (SBA) evaluate the certification after the fact have been front and center in the national dialogue. Today, the[ … ]

Economic Injury Disaster Loans

April 1, 2020 July 18, 2022 Tax Department COVID-19 CARES, coronavirus, COVID-19, economic injury, SBA, SBA disaster loans

In response to the Coronavirus pandemic, the President signed H.R. 748, known as the Coronavirus Aid, Relief and Economic Security Act (CARES) on March 27, 2020. The Act includes a new Paycheck Protection Program (PPP) that seeks to provide short-term cash flow through federally guaranteed loans for small businesses impacted by COVID-19. These loans will[ … ]

Coronavirus – Employer Relief Measures and Tax Updates

March 23, 2020 January 22, 2021 Tax Department COVID-19, Tax Bites ADOR, COVID-19, FFCRA, SBA disaster loans, tax deadlines, tax payments

In response to the COVID-19 pandemic, there are several changes to the traditional tax deadlines and new developments that impact you and your business. Below is a summary of the updates occurring at the federal and state level. Federal Developments – Summary Federal income tax filings and payments originally due on April 15, 2020 have[ … ]

Financial Assistance for Small Businesses – SBA Loans

March 23, 2020 November 4, 2021 Tax Department COVID-19, Tax Bites COVID-19, CPRSAA, financial assistance for small businesses, SBA, SBA disaster loans, small business

On March 6, 2020, President Trump signed the Coronavirus Preparedness and Response Supplemental Appropriations Act, which provides for emergency supplemental appropriations in the amount of $8.3 billion to address issues caused by the coronavirus outbreak. As part of this Act, the Small Business Administration (“SBA”) was authorized to provide disaster assistance loans on a state-by-state basis.[ … ]