Small businesses eager to have their SBA Paycheck Protection Program loans forgiven could begin receiving forgiveness decisions in the coming weeks. That may ease the fears small businesses worried that they may be on the hook for the money when they are barely holding on through this coronavirus crisis. But […]
Tag: PPP
COVID-19 relief: PPP is currently unavailable but other options remain
The Paycheck Protection Program – a lifeline for small businesses – stopped taking applications on Aug. 8, and Congress is still fighting over the next stimulus bill as well as where remaining funds in the PPP program will be spent. The forgivable PPP loans were responsible for a “majority” of […]
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 […]
The lowdown on COVID-19 relief: What’s ahead, what’s here, and advice for small businesses
Another round of the Paycheck Protection Program (PPP) is likely on the way to help small businesses impacted by the economic fallout from the COVID-19 pandemic. Exactly what that relief funding will look like exactly is still a matter of Capitol Hill debate. But at this time, it looks like […]
COVID-19 relief funds still available. Here are three sources
Here’s the lowdown on several relief funding programs still taking applications. If you live in Miami-Dade, applications are open for a loan that gives priority to small businesses that have not received federal or state stimulus aid to recover from the economic wallop of COVID-19. The RISE Miami-Dade Fund is […]
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 […]
Dental practice begins its recovery with PPP funding, a new strategy and expert guidance
South Florida dentist Nolyris Alvarez is cautiously optimistic. Her dental practice, Oral Facial Comprehensive Care, has begun a slow recovery from the COVID-19 crisis. Payment arrangements are set with creditors. Patients are going to the dentist again. Many of her employees returned. But costs continue to increase, and monthly billings […]
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 […]
PPP loan forgiveness just got easier: Congress approves key rule changes
Small business owners that received forgivable PPP loans can breathe a sigh of relief. Congress has cleared a bill making needed changes to the federal Paycheck Protection Program, which was designed to keep small businesses afloat during the height of the coronavirus pandemic. The bill is expected to be signed […]
Did you get a PPP loan? Here’s some news to note from the SBA
Small business owners who received a PPP loan of less than $2 million won’t likely face a federal audit. That’s according to new guidance released this week by the Small Business Administration and the US Treasury. The Paycheck Protection Program, a forgivable loan program, allows small businesses hurt by the […]