The Small Business Administration announced that the Paycheck Protection Program (PPP) will soon reopen to serve new borrowers and some existing borrowers. First Draw PPP loans became available only from […]
01-13-2021If an agreement can be reached, the provisions will likely be attached to an appropriations bill to extend government funding beyond Dec. 11.
12-03-2020 The Small Business Administration (SBA) released new guidance on how Paycheck Protection Program (PPP) borrowers should apply for loan forgiveness. The guidance came in the form of a Frequently Asked Questions (FAQ) document with 23 questions addressing various issues facing PPP borrowers.
08-06-2020 The House is scheduled today to consider two bills related to coronavirus aid. H.R. 7010 from Rep. Dean Phillips (D-Minn.) and 35 bipartisan cosponsors would give businesses more time and flexibility to make qualifying expenditures for loan forgiveness under the Paycheck Protection Program, and allow businesses with forgiven loans to defer payroll taxes.
05-28-2020 Policymakers are preparing to make significant changes to the Small Business Administration’s Paycheck Protection Program (PPP) amid cooling demand for government-backed loans and criticism from business owners who say they […]
05-18-2020The Senate on April 21 passed by voice vote the “Phase 3.5” Paycheck Protection Program and Health Care Enhancement Act. The $484 billion interim coronavirus relief measure would provide $310 billion for the Small Business Administration’s now-exhausted Paycheck Protection Program, $60 billion for disaster loans through the SBA’s Economic Injury Disaster Loan (EIDL) program, and an additional $100 billion for health care provider relief ($75 billion) and coronavirus testing ($25 billion).
04-22-2020 The $2.2 trillion coronavirus stimulus bill enacted by Congress on March 27 provides cash assistance to small businesses that keep their employees or recall employees they have furloughed or laid off due to financial hardships related to COVID-19. Small businesses as well as individuals who are self-employed or are independent contractors are eligible if they also meet program size standards.
03-31-2020 The Senate approved 96-0 the approximately $2 trillion "Phase III" stimulus bill known as the CARES Act. The House is expected to pass the bill by today after which the […]
03-27-2020
