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President Biden Alters PPP Loan Rules to Benefit Smallest Businesses
The Biden administration recently announced a 14-day period of the U.S. Small Business Administration’s (SBA) Payment Protection Program (PPP) when only businesses with fewer than 20 employees can apply for relief. This alteration of the PPP loan rules to benefit the...
What is in the New Stimulus Package?
On Monday, Dec. 21, 2020, Congress passed an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. On Sunday, Dec. 27, 2020, President Donald Trump signed the new stimulus package into law. The bill was part of a $1.4...
Who is Eligible for the New Simpler PPP Loan Forgiveness?
The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simpler PPP loan forgiveness two-page...
