The U.S. Small Business Administration (SBA) will be focusing its efforts on providing equitable relief for small businesses around the nation, with a focus on racial and gender equity. As part of this effort, the SBA will be establishing an…
Paycheck Protection Program
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New PPP Loan Round, Totaling $284 Billion, Opening on Jan. 11
by Tyler Haleby Tyler HaleThe Small Business Administration is reopening the Paycheck Protection Program (PPP) next week for both new and existing borrowers. In this new round of financing, there will be $284 billion available through March 31, 2021. This additional PPP financing is…
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SBA Streamlines Forgiveness Process for PPP Loans of $50,000 or Less
by Tyler Haleby Tyler HaleSmall businesses will now have a simpler loan forgiveness process for the Payment Protection Program (PPP). The U.S. Small Business Administration (SBA) is streamlining the forgiveness process for entities that have PPP loans of $50,000 or less. This process, developed…
With businesses reopening across the state and economic reconstitution top of mind, businesses are getting another chance with Small Business Administration (SBA)’s Economic Injury Disaster Loan (EIDL) and a final shot at securing a Paycheck Protection Program (PPP) loan. The…
The U.S. Senate passed the Paycheck Protection Program (PPP) Flexibility Act on Wednesday night, June 3. The legislation now awaits the signature of President Donald Trump. It was passed in the U.S. House of Representatives last week. Originally signed into…