Small businesses can start getting ready for the new round of Paycheck Protection Program loans. The PPP is returning, thanks to the recently passed coronavirus stimulus package by Congress, and it is available to businesses that already received a PPP loan. For struggling small businesses, a second round of loan […]
Tag: Paycheck Protection Program
SBA issues new set of FAQs on PPP loan forgiveness
Today, the U.S. Small Business Administration issued new guidance through Frequently Asked Questions aimed at helping small businesses with forgivable loans through the Paycheck Protection Program (PPP) and their lenders navigate the rules around maximum loan forgiveness. The new PPP FAQs come as the Aug. 8 deadline to apply for a […]
Need a PPP but didn’t apply? You now have until Aug. 8
Update: President Trump signed the PPP extension into law on July 4. If you haven’t applied for a PPP loan yet, you have more time to do so. With $130 billion still available, Congress passed a bill extending the deadline to apply for forgivable small business loans. These loans aim […]
7 ways the Paycheck Protection Program Flexibility Act can help your business
By Gerri Detweiler, Guest Contributor Update 6/5/2020: President Trump signed the Paycheck Protection Program Flexibility Act into law. The legislation gives small business owners more flexibility in how they can use PPP funds and may make it easier to qualify for forgiveness. The President has signed the Paycheck Protection Program […]