SBA Releases New PPP Loan Forgiveness FAQs and Guidance
The U.S. Small Business Administration, in consultation with the Treasury Department, recently released a new FAQs document addressing Paycheck Protection Program loan forgiveness.
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PPP Application Window Extended to Aug. 8
The application window for the Paycheck Protection Program has been officially extended to Aug. 8 as the extension has been signed into law by President Trump.
View MoreSBA Offers Tool to Match Small Businesses with PPP Lenders
The U.S. Small Business Administration recently announced the relaunch of Lender Match, an online tool that will be focused on connecting pandemic-affected small businesses who have not yet applied for or received an approved PPP loan with SBA lenders.
View MoreSBA Releases PPP Loan Forgiveness Application Form
The Small Business Administration, in consultation with the Treasury, recently released an application form for Paycheck Protection Program loan forgiveness, as well as instructions on completing the form.
View MoreAICPA Offers Loan Forgiveness Calculator for Paycheck Protection Program
The AICPA has created a loan forgiveness calculator for the Paycheck Protection Program and recently shared it with the Treasury Department and Small Business Administration.
View MoreSBA Provides Safe Harbor for PPP Loans Under $2 Million
The U.S. Small Business Administration recently posted guidance regarding the required certification concerning the necessity of Paycheck Protection Program loan requests.
View MoreSBA Issues PPP Guidance on Laid-off Employees Who Refuse to be Rehired
The Small Business Administration recently issued guidance stating businesses that received Paycheck Protection Program loans can exclude laid-off employees from loan forgiveness reduction calculations if the employee turns down a written offer to be rehired for the same salary/wages and number of hours as before.
View MoreSBA to Accept PPP Loans Only from Smallest Lenders for Eight Hours Today
In an effort to make Paycheck Protection Program loans more accessible to small businesses, the Small Business Administration will allow the smallest lenders and their small business clients an exclusive opportunity to submit applications from 4 p.m. to 11:59 p.m. ET today, Wednesday, April 29.
View MoreSmall Business Administration Issues Additional Guidance for Paycheck Protection Program
The Small Business Administration recently issued additional guidance for the Paycheck Protection Program, specifically addressing how self-employed and partner income should be included in the loan application.
View MorePaycheck Protection Program Frequently Asked Questions Now Published
Recently the U.S. Department of the Treasury and the Small Business Administration published an online FAQs on the Paycheck Protection Program, the $349 billion small business relief program that is part of the Coronavirus Aid, Relief, and Economic Security Act.
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