How do you get your Paycheck Protection Program Second Draw Loan? The rules are out now and here are the top 10 rules that you should know:Last day to apply & receive a new PPP is March 31, 2021;To qualify, you must use or will use full amount of your First Draw PPP loan on or before disbursement of second loan; SBA...
Showing posts with label paycheck protection program. Show all posts
Showing posts with label paycheck protection program. Show all posts
Thursday, January 07, 2021
Friday, June 05, 2020
05
Jun
Major revisions to the Paycheck Protection Program are on the way. The "Paycheck Protection Program Flexibility Act" amends the portion of the CARES Act that established the PPP. The changes are intended to make forgiveness of PPP loans more achievable for a greater number of businesses. Major changes include:5 Year Maturity...
Friday, April 24, 2020
24
Apr
On April 23, 2020, the U.S. Small Business Administration issued new guidance on the Paycheck Protection Program under the CARES Act, specifically concerning the SBA’s position on good faith certifications and limiting PPP funding to public companies. All applicants and recipients of PPP funds should pay close attention...
Friday, April 03, 2020
03
Apr
The Coronavirus Aid, Relief, & Economic Security Act (CARES Act), signed into law on 3/27/2020, includes expeditious relief for America's small businesses through loans funded at $349 billion.
§1102 of the CARES Act establishes the Paycheck Protection Program (PPP) under the SBA 7(a) Loan Program & §1106...
