The Economic Aid Act, which became law on December 27, 2020, made PPP loans fully forgivable regardless of EIDL grants received. Now, the SBA has issued guidance and new forgiveness forms removing the need for an EIDL reduction.
The Economic Aid Act, included in the 2021 Appropriations Act expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses. Here's what you need to know to take advantage of this program.
On June, 5, 2020, President Trump signed the PPP Flexibility Act of 2020 into law. Learn the major changes and what it may mean for your business.
As a large portion of PPP loans have been disbursed and more funds on their way to businesses in need, SBA and Treasury have now turned their attention to the forgiveness portion of the PPP program.
On Friday evening, May 15, the SBA released the much-anticipated PPP Forgiveness Application. Though we still await a new Interim Final Ruling relating to forgiveness, the application provides answers to some of our most frequent questions.
View recording and slides. This webinar covers Paycheck Protection Program (PPP) loan forgiveness and loan management, helping you navigate the ever-changing rules and regulations of this CARES Act financial provision.
On Thursday, April 16, the Small Business Association stopped accepting new applications for the Paycheck Protection Program due to a lapse in appropriated funds.