Just this week, the Small Business Association launched its online portal to simplify the PPP loan forgiveness process for many borrowers. The second round of the beloved payroll protection program came to an end when its funds were depleted on May 28, 2021. It’s now time to sort out who
The Small Business Administration (SBA) is The Paycheck Protection Program (PPP) has also begun a second round of loans/grants for qualified applicants. This is a program that could make or break economic survival for many business owners across the nation. The purpose of this article is to give you the
After months of stalling, weeks of fierce negotiations, and too many false starts to count, President Trump has signed a new bill to help businesses and individuals across the country find relief from the economic devastation created by the COVID-19 pandemic. The Consolidated Appropriations Act includes funding earmarked for small
As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses that have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgiveness process, and the tax treatment
It should be noted that U.S. lenders have issued more than 5 million forgivable loans through the federal government’s coronavirus aid initiative for small businesses, the Paycheck Protection Program (PPP). The Small Business Administration (SBA) in August, started to accept applications to have the loans forgiven, and it has begun
President Trump signed the Paycheck Protection Flexibility Act (PPFA) and made certain changes to the Paycheck Protection Program that was enacted as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act in March. Section 4 of the PPFA has amended Section 2302(a) of the CARES Act to delete
On June 5, 2020, in a rare act of bipartisanship, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA). It was done to address most of the concerns expressed by the small business community surrounding the Paycheck Protection Program (PPP), which had been signed to provide relief
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