Paycheck Protection Program Loan Forgiveness
Small business owners who have received the Paycheck Protection Loan can seek forgiveness of the PPP loan’s principal amount if it is spent on SBA authorized uses during the 8-week covered period. Here’s what you need to know to qualify for loan forgiveness In order to maximize loan forgiveness small business owners must: review what…
Read MoreSBA Economic Injury Disaster Loan (EIDL)
The Cares Act expanded the existing SBA Economic Disaster Loan Program The SBA Economic Injury Disaster Loan is also available to small businesses and non-profit organizations that suffer economic injury as a direct result of a declared disaster. This includes but not limited to retailers, restaurants, owners of rental property, wholesalers and others. This loan…
Read MorePaycheck Protection Program
What is the Paycheck Protection Program? On March 27, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the house of representatives and then signed into law by the President. The Cares Act provides $2 Trillion in emergency financial assistance to individuals, small businesses, large corporations, hospitals, health centers, state, and local…
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