On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law...more
1/26/2021
/ Borrowers ,
CARES Act ,
Certification Requirements ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Economic Injury Disaster Loans ,
Eligibility ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business ,
Tax Deductions
Late last week Congress approved and the President signed the Paycheck Protection Program Flexibility Act of 2020 (“Flexibility Act”). This new bill attempts to address some of the more troubling requirements when applying...more
UPDATED May 14, 2020 – On May 13, 2020, the U.S. Treasury Department announced an additional automatic extension of the Safe Harbor deadline from May 14, 2020 to May 18, 2020.
May 13, 2020 – The rules and ground shifted...more
5/14/2020
/ Audits ,
Borrowers ,
CARES Act ,
Certification Requirements ,
Federal Loans ,
Good Faith ,
Loan Repayment Issues ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
Small Business ,
U.S. Treasury