Posted on April 30, 2020 by Mary Ellen Schill
Blog
With a second round of Paycheck Protection Program (“PPP”) funding coming available last week, a large percentage of small businesses either have already received (or will soon receive) the proceeds of a PPP loan. At only one percent interest over two years, PPP loans present a great opportunity, but, obviously, businesses are most interested in […]
Posted on April 3, 2020 by Amy E. Ebeling
Blog
An updated PPP application has been released and it is our understanding that this updated application is the ONLY application that will be accepted by lending institutions. The updated form can be accessed here. The PPP loan is also FIRST COME, FIRST SERVE so submit your applications as soon as possible beginning today, April 3rd, 2020. We […]
Posted on March 31, 2020 by Amy E. Ebeling
Blog
The SBA and Treasury moments ago released updated information on the new Paycheck Protection Program created by the CARES Act. The program is specifically designed to help small businesses (less than 500 employees) keep their workforce employed by providing an SBA guaranteed loan. The program also provides for forgiveness of the loan proceeds that are […]