Category
SBA
Important Updates about PPP Loan Forgiveness and Deadlines
In mid-October, the U.S. Small Business Administration (SBA) released two (2) important updates for businesses that received Paycheck Protection Program (PPP) loans. The PPP provided 5.2 million loans worth $525 billion to American small businesses. First, is October 31, 2020, the deadline for borrowers to apply for PPP loan forgiveness? No. ...
SBA Publishes the PPP Loan Forgiveness Application
The U.S. Small Business Administration (SBA) just released the Paycheck Protection Program forgiveness rules through the publishing of the PPP Loan Forgiveness Application. With worksheets and instructions, the SBA has given employers a better understanding of how the forgiveness application process will go. So, what did we learn? Here are the bi...
What are the basic rules for PPP Loan Forgiveness?
In April, small/mid businesses all over Florida jumped at the chance to obtain SBA loans to help stay in business and fund payroll. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Paycheck Protection Program (PPP) authorized billions for qualifying businesses to obtain loans for payroll, benefits, rent and other costs, and the ke...
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