PPP Extended – Act Fast or Miss Out

This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies. A new law, the PPP Extension Act of 2021, extends the expiration date to the later of May 31 or when the money runs out. Note the phrase “when the money runs out,” and be forewarned that this can …

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PPP forgiveness would be more flexible if “HEALS” Act passes

Small businesses could have an easier time getting full forgiveness under the proposed legislation. The Republican-driven Health, Economic Assistance, Liability Protection and Schools (HEALS) Act would make some major changes to how forgiveness works under the Paycheck Protection Program (PPP). The proposed legislation would make a wider range of expenses eligible for forgiveness. It would …

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IRS & SBA Links to Coronavirus Financial Relief Information

The U.S. Treasury has issued borrower guidance related to calculating eligible loan amounts and the required supporting documents. Please review this guidance and provide the required information and supporting documents required for your entity type. You will be required to certify the accuracy of this information on your loan application. Please be advised that not …

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