Best Practice for Businesses and Nonprofit Organizations Who Received a Paycheck Protection Loan and How to Maximize Loan Forgiveness

Best Practice for Businesses and Nonprofit Organizations Who Received a Paycheck Protection Loan and How to Maximize Loan Forgiveness

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The U.S. Small Business Administration (SBA) continues to issue guidance on calculations and loan forgiveness for loans issued under the Paycheck...
Updated SBA Frequently Asked Questions and New Interim Final Rule for Paycheck Protection Program Loans Provide Guidance for Self-Employed Individuals

Updated SBA Frequently Asked Questions and New Interim Final Rule for Paycheck Protection Program Loans Provide Guidance for Self-Employed Individuals

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The U.S. Small Business Administration (SBA) continues to issue guidance on calculations and loan forgiveness for loans issued under the Paycheck...
Spike in Coronavirus Related Cyber Threats and Economic Stimulus Check IRS Scams

Spike in Coronavirus Related Cyber Threats and Economic Stimulus Check IRS Scams

As of March 30, 2020, the FBI’s Internet Crime Complaint Center has received and reviewed more than 1,200 complaints related to COVID-19 scams. The FBI has issued a warning of ongoing phishing campaigns delivering spam that uses fake government economic stimulus...
MAIN STREET LENDING PROGRAM ANNOUNCED FOR SMALL AND MID-SIZED BUSINESSES

MAIN STREET LENDING PROGRAM ANNOUNCED FOR SMALL AND MID-SIZED BUSINESSES

The Federal Reserve announced today a $2.3 trillion initiative to bolster local governments and support small to medium-sized businesses. Included in the package is $600 billion for the Main Street Lending Program, which includes the Main Street New Loan Facility...
SBA Issues FAQs for CARES Act Paycheck Protection Program

SBA Issues FAQs for CARES Act Paycheck Protection Program

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. On April 7, the SBA issued FAQs providing clarification on a number of issues, including exceptions to the 500 employee rule, borrower and lender...
Updated SBA Frequently Asked Questions and New Interim Final Rule for Paycheck Protection Program Loans Provide Guidance for Self-Employed Individuals

SBA Issues Final Interim Rules and New Paycheck Protection Program Application

June 4 Update: Senate Approved Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. As a follow-up to our March 31 post on the CARES Act Paycheck Protection Program, the SBA released yesterday an Interim Final Rule and an updated...