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If you applied for a Paycheck Protection Program Loan, you’ve probably been scrambling as the rules surrounding these loans have changed over the past few months. The good news is that the rules for PPP loan forgiveness have relaxed, so you have a better chance of having your loan fully forgiven. PPP loans were designed […]

With the recent SBA updates on the Paycheck Protection Program (PPP) forgiveness rules, the restrictions have loosened and become a bit easier for PPP loan recipients. For many business owners, there’s a lot to digest. Because we know how confusing this can be, we’ve gathered the latest full loan forgiveness guidelines from the SBA to […]

If you were approved for a Paycheck Protection Program (PPP) loan, you’re likely hoping to have the entire loan forgiven. However, this may not be possible for all businesses, and it’s vital to know the rules for PPP loan forgiveness, as well as what to expect if your loan does not qualify for total or […]

At the start of the coronavirus (COVID-19) pandemic, the U.S. government established the Paycheck Protection Program (PPP) to help small businesses with 500 employees or fewer keep their employees on payroll during the crisis. The funds are 100% forgivable if you follow the loan forgiveness requirements carefully. The Small Business Association (SBA) recently released preliminary […]

Did you apply for and receive a Paycheck Protection Program (PPP) loan for your small business? Under the CARES Act, the Small Business Administration (SBA) will forgive up to 100% of your loan if it is used for designated payroll purposes. You’ll want to optimize the benefits of your PPP loan and achieve maximum forgiveness […]

Based on the latest guidance, you’ll have up to 10 months from the end of your Covered Period to apply for loan forgiveness. It may be advisable to wait to apply for two reasons: 1) Guidelines have not yet been finalized, and 2) You’ll have more time to accrue and track eligible expenses, which may […]

On March 27, the CARES Act was signed to provide relief to businesses and taxpayers facing economic hardship due to COVID-19. As a key part of the Act, the Paycheck Protection Program (PPP) provides cash flow and capital assistance through federally insured loans to businesses to maintain their payroll and keep their employees working during […]

Are Paycheck Protection Loans guaranteed by the SBA? The quick answer is yes. Paycheck Protection Program loans are guaranteed by the Small Business Association (SBA). The Paycheck Protection Program (also referred to as “PPP” or “Program”) was established by the CARES Act (“the Act”). Over $350 billion was allocated to the PPP loan program as […]

Unfortunately, some small businesses may not qualify for an Economic Injury Disaster Loan (EIDL) or a Paycheck Protection Program (PPP) loan due to limited availability and eligibility requirements. However, there are still ways to drive revenue for your business during the coronavirus pandemic. Here are six ways your small business can keep making revenue if […]

If you were one of the millions of businesses approved for SBA Paycheck Protection Program (PPP) loans, your next step is applying for loan forgiveness. We’ve compiled the information available based on the latest guidelines from the SBA and the U.S. Department of the Treasury. Check back here often for updates, as the guidance is […]