PPP Forgiveness Application 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 Simplified for Loans Less than $50,000
The Treasury and the Small Business Administration have announced a simplified application for borrowers with loans amounts less than $50,000.
Continuing Small Business Recovery and Paycheck Protection Program Act
There is a great deal of news surrounding proposals for additional small business relief currently being discussed in congress.
Paycheck Protection Program Extension Act Now Law
On Saturday, July 4th, 2020 President Donald Trump signed into law The Paycheck Protection Program Extension Act.
Senate Passes PPP Loan Extension
The U.S. Senate has passed an extension of the Paycheck Protection Program (PPP) on Tuesday night just a few hours before the close of the program.
PPPFA Now Law!
Today President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) in an attempt to address many concerns expressed by the small business community around the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief.
House Passes Bill To Give Small Businesses More Flexibility In Spending PPP Loans
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.
PPP Loan Forgiveness Update
On May 22nd the Treasury and Small Business Administration (“SBA”) released a new Interim Final Rules (“IFR”) on Loan Forgiveness.
SBA provides more guidance on PPP Loan Forgiveness
When submitting a PPP application, all borrowers must certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”
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