ppp loan

SBA Releases Revised PPP Loan Forgiveness Application, New EZ Loan Forgiveness Application and Additional Interim Final Rule

This week, the Small Business Administration (SBA) released a revised Paycheck Protection Program (PPP) loan forgiveness application and a new EZ application for PPP loan forgiveness along with instructions for the revised and EZ forms. The applications include changes that became law in early June when the Paycheck Protection... Read more

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 $2 million will be assumed to have certified in good faith that their loans were necessary and are less likely... Read more

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, Relief and Economic Security Act (CARES Act), passed in April, 2020. The PPP loans may not have to be repaid... Read more