There’s still time to apply for COVID-19 Economic Injury Disaster Loan (EIDL) funding, but time is running short.
Tag: SBA
SBA streamlines forgiveness for smaller PPP loans
The SBA has eased the process of forgiving a PPP loan. Here’s how.
PPP forgiveness and repayment: What businesses need to know now
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
The Restaurant Revitalization Fund is now live
If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon.
PPP application deadline extended
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.
Business highlights in the new American Rescue Plan Act
You’ve probably heard about the new law that provides direct payments to eligible individuals. But what does the law provide to businesses?
PPP adjusted to prioritize very small businesses
The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.
M&A: Considerations for PPP Loans
Do you have a business that received a PPP loan and now you are considering a change in ownership, like a sale, purchase of a competitor or even adding a new partner? There are several different things that need to be considered before any transaction in order to preserve your ability to get PPP loan forgiveness. Here are the questions you should be asking before you sign on the dotted line.
Latest PPP FAQ Document Provides Clarity on Some Aspects of Forgiveness
The Small Business Administration (SBA) and Treasury released an updated Paycheck Protection Program (PPP) FAQ on Aug. 4 in an effort to address PPP loan forgiveness issues that have arisen as borrowers begin to complete their applications. The 23 FAQs address various aspects of PPP forgiveness including general loan forgiveness, payroll costs, non-payroll costs, and[ … ]
SBA Issues Update First PPP Interim Final Rule Following PPP Flexibility Act
On June 10, 2020, the Small Business Administration (SBA) issued an updated interim final rule for the Paycheck Protection Program (PPP) in response to the PPP Flexibility Act passed on June 5, 2020. The updated guidance accounts for revisions made to the covered period, usage of funds changes, extended safe harbors, and more. Here is[ … ]
