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
When it comes to PPP loan forgiveness, there are still many difficult questions that need to be answered. Join Ulmer Partners Alan W. Scheufler, Bradley D. Kaplan, and Marcum Managing Director Dawn Minotas for a complimentary...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
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed by the president on March 27, 2020. It provides a massive $2 trillion in much-needed emergency relief to businesses of all sizes...more