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New SBA Loan Forgiveness Application Clears Up Some (Not All) PPP Confusion
On Friday, May 15, 2020, the Small Business Administration released its Paycheck Protection Program (PPP) Loan Forgiveness Application (see link). This new form clears up several, but not all,...
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FAQs: Understanding the New Paycheck Protection Program
[UPDATED 5/26/2020] The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law on Friday, March 27, 2020. In addition to expanded unemployment benefits and tax changes, the...
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Good News: If You’re Considering Giving Back Your PPP Loan, Read the New SBA Guidance First
The Small Business Administration (SBA) issued updated guidance on Wednesday, May 13, 2020, clarifying that businesses and their affiliates that received Paycheck Protection Program (PPP) loans of less than...
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If You Guessed PPP Loans Are Tax-Free, Guess Again
Many small businesses have been approved for and now may have received loans through the Paycheck Protection Program (PPP). The PPP was created as part of the Coronavirus Aid,...
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Q&A: The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
(UPDATED 4/16/20) On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion stimulus package designed to increase liquidity in...
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New SBA Guidance Updates PPP Application Process for Partnerships, LLCs and Self-Employed Individuals
The Small Business Administration (SBA) has issued a new interim final rule clarifying Paycheck Protection Program (PPP) eligibility criteria and application requirements for self-employed individuals, and for partners and members of partnerships...
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