Loan Forgiveness with Paycheck Protection Program Loans

For those who secured Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, the conversation is now focused on two things: How to calculate and determine loan forgiveness scenarios Loan necessity In general, some or all of the loan granted under the program may be forgiven if used on allowable expenses over the eight-week periodContinue reading “Loan Forgiveness with Paycheck Protection Program Loans”

Understanding the Paycheck Protection Program

As part of the CARES Act passed by Congress on March 26, the federal government is implementing many programs to help businesses. One such program is the Paycheck Protection Program (PPP), meant to incentivize business owners and decisionmakers to keep employees on their payrolls. Like many of the other loans authorized by the CARES Act,Continue reading “Understanding the Paycheck Protection Program”

Do You Need To Apply for an SBA Disaster Loan?

Everyday more businesses are forced to close their doors to keep up with the ongoing health and safety standards and revenue is plummeting.  The government is working to provide economic relief to American businesses, and some of the relief solutions are already available.  The SBA (Small Business Administration) has extended their disaster loans to smallContinue reading “Do You Need To Apply for an SBA Disaster Loan?”