COVID Relief For 2021
What Businesses and Individuals Need to Know About PPP loans, Tax Credits, and More On December 27, 2020, facing an imminent government shutdown, President Trump signed the much-debated COVID Relief & Omnibus Agreement. A follow-up to the CARES Act of March 2020, this legislation strikes the same notes by offering beneficial tax credits, forgivable business […]
PPP Loan Period Extended
The PPP loan application period has been extended. Small businesses impacted by the pandemic can apply for a forgivable loan until August 8, 2020. SBA Loans for Small Businesses Despite the best efforts of federal and state governments, the COVID-19 pandemic is far from over. As the U.S. economy continues to react to these unprecedented […]
The PPP Flexibility Act: H.R. 7010 & Loan Forgiveness Updates
As business owners who received PPP loan funds waited with baited breath, further guidance regarding PPP loans and loan forgiveness was issued this week. The PPP Flexibility Act (H.R. 7010) has been passed through Congress and signed into law this morning – unanimously in the Senate and with just one dissenting vote in the House. […]
PPP Loans To Continue Under Expanded Funding
Earlier this month, when the CARES Act made $349 billion dollars available to businesses struggling under the Covid-19 quarantine through “forgiveable” Paycheck Protection Program (PPP) loans, it was a mad dash to get applications in. Fast forward a few weeks, and the government-backed funds are depleted, with many businesses still in the red. As we […]
PPP Loan Forgiveness: Interpreting the Ambiguous
When the Paycheck Protection Program loans provided by the CARES Act became available this month, it felt a little like the Wild West. From one bank to the next, the application, required documentation, and calculation methods to determine loan amount differed widely. But as many businesses scrambled to get their applications in, one thing was […]
The CARES Act: Helping businesses weather the Covid-19 storm
As Covid-19 continues to disrupt the lives and incomes of many around the globe, the U.S. government has taken steps to mitigate the negative impacts on businesses within our nation. One of these steps is the recent passage of the CARES Act. Program Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed […]
