Coronavirus relief legislation passed in 2020 included an additional $284 billion for Paycheck Protection Program (PPP) loans to help small businesses pay employees and stay open. That second round of funding is now available. Some eligibility requirements have changed, and forgiveness rules have been eased a bit. In addition to first-time applicants, some businesses that …
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If your business was the recipient of loan funds through the Paycheck Protection Program, the deadline for submitting your application to your lender for PPP loan forgiveness has been extended, according to the US Small Business Association (SBA). Originally expected to be October 31st, your deadline to apply will instead be the maturity date of …
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The rules and requirements associated with the Paycheck Protection Program (PPP), administered through the Small Business Administration, have undergone some changes as the program has evolved. If you’ve received these funds, check with your lender or CPA periodically to ensure that you’re in compliance.
June 30th is the deadline to apply if you haven’t already and are eligible. Let’s review the basics.
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