Today is the first day to submit applications for a Small Business Administration loan under the new Paycheck Protection Program (PPP), one of the key components of the Coronavirus Aid, Relief, and. Economic Security (CARES)...more
The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.
Any dealership with 500 or fewer employees is eligible to apply for a PPP loan. However, even if you are a...more
4/9/2020
/ Affiliated-Business Arrangements ,
Affiliates ,
Board of Directors ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Electronic Records ,
Employee Retention ,
Executive Compensation ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Shareholders ,
Small Business ,
Stocks ,
Tax Relief
...CARES Act -
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which included the Paycheck Protection Program (PPP) for small businesses. The PPP provides short-term cash flow assistance...more