UPDATE: PPP Rule Changes

Feb 23, 2021 PPP

Today, the Biden Administration has announced several changes to the existing PPP Loan Program including the two most notable:

Beginning Wednesday, only small businesses with fewer than 20 employees may apply for the program for a two-week period
The Administration will also open up the program to small business owners with non-fraud related felonies, those delinquent on their federal student loans, and some non-citizen residents, such as Green Card holders or those in the country on visas

\ If you have questions regarding the PPP loan program or would like assistance applying, please contact Andrew Dengel at 920-921-3356 or [email protected]

PPP Forgiveness Application Due date

Oct 21, 2020 PPP PPP Forgiveness PPP Due Date

There has been some confusion as there is a 10/31 expiration date on PPP forgiveness forms. Forgiveness applications are NOT due on Oct 31st.

PPP Loan Forgiveness Update

May 26, 2020 PPP Loan Forgiveness

On May 22nd the Treasury and Small Business Administration (“SBA”) released a new Interim Final Rules (“IFR”) on Loan Forgiveness.

House Passes Bill To Give Small Businesses More Flexibility In Spending PPP Loans

May 29, 2020 Payroll Tax PPP

The House of Representatives on Thursday, May 28th passed new legislation that would make it easier for businesses to have their Paycheck Protection Program loans forgiven by relaxing restrictions on how the loan money can be used and extending the period that businesses have to use the funds.

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UPDATE: PPP Rule Changes

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