Senate Passes Paycheck Protection Flexibility Act of 2020
On Wednesday night, the Senate voted to approve the Paycheck Protection Flexibility Act of 2020. This Act was previously passed by the House on May 28, 2020. This new legislation…
Covid-19
SBA Releases Application for PPP Loan Forgiveness
On Friday, May 15, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application and instructions. The application must be completed and submitted to the lender…
New SBA Guidance Regarding Paycheck Protection Program
On May 13, 2020, the Small Business Administration (SBA) issued additional guidance regarding the Paycheck Protection Program (PPP). They added a highly anticipated new question to their lengthy FAQ: “How…
Paycheck Protection Program Application Form
This form is to be completed by the Applicant and all individuals identified below and submitted to your SBA Participating Lender. Submission of the requested information is required to make…
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the…
Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act)
On March 27, 2020, the House passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Senate previously passed the bill on March 25, 2020. The bill will go…
Small Businesses Can Apply for SBA Disaster Loans
Small businesses and not-for-profits located in designated disaster locations due to the coronavirus pandemic can apply online for low-interest loans through the U.S. Small Business Administration (SBA). An SBA Section…
Relief for Taxpayers Affected by Ongoing Coronavirus Pandemic
There has been much speculation surrounding the impact of the Coronavirus (COVID-19) pandemic on the upcoming tax filing deadline. At a March 17, 2020 White House briefing, Treasury Secretary Steven…