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You are here: Home / COVID-19 Small Business Resources / SBA Loans & Financing / SBA Loans & Financing Resources

06/04/2020 by Meadows Urquhart

SBA Loans & Financing Resources

SBA Provides Interim Final Rules for PPP

January 8, 2021

The Economic Aid Act was signed into law on December 27, 2020. Now, the SBA has provided its initial interim final rules (IFRs) related to the Paycheck Protection Program (PPP). The IFRs have provided some clarity, but other questions still remain. READ MORE

Employee Retention Tax Credit is Retroactively Available to PPP Borrowers

January 5, 2021

The Consolidated Appropriations Act (CAA) approved last month provides that the Employee Retention Tax Credit (ERTC) is retroactively available to PPP borrowers. READ MORE

PPP Second Draw & Deductibility of Expenses Now Available

January 4, 2021

At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans). READ MORE

PPP Loan Forgiveness Updates

November 3, 2020

Watch an update from Matt Thorpe and Dick Jacobs on PPP loan Forgiveness.

How Will Forgiveness of PPP Loans be Taxed?

November 3, 2020

The CARES Act provided cash to millions of small businesses during Spring, 2020 with Payroll Protection Program (PPP) loans. READ MORE

How to Record your PPP Loan Transaction

November 3, 2020

Now that the dust is starting to settle on the PPP and the application window has officially closed, it’s time to shift gears on to how to record PPP loan transactions. READ MORE

State of the Paycheck Protection Program

August 17, 2020

It’s been a while since we have chimed in on the Paycheck Protection Program (PPP). A lot of that has to do with the fact that there is still so much uncertainty around the Program and what should be done next by you, the banks, the SBA and so on. READ MORE

Forgiveness Bill Passes in Senate

June 4, 2020

Huge news yesterday for all of us swimming in the PPP pool. Yesterday, the Senate passed H.R. 7010 that will bring forth dramatic changes to the PPP. This legislation now sits on the desk of the President for his signature. READ MORE

New Guidance Regarding Your PPP Loan and Certifying Necessity

May 14, 2020

The US Treasury issued new guidance via question and answer on May 13, 2020 regarding how the SBA will deal with the good-faith certification concerning the necessity of applicant loans. READ MORE

SBA issues PPP guidance on laid-off employees who refuse to be rehired

May 4, 2020

Businesses that received Paycheck Protection Program (PPP) loans can exclude laid-off employees from loan forgiveness reduction calculations if the employees turn down a written offer to be rehired, according to new guidance from the U.S. Small Business Administration (SBA), which warned that employees who reject offers of reemployment may find themselves ineligible to continue receiving unemployment benefits. READ MORE

Paycheck Protection Program Forgiveness FAQ Video

April 21, 2020

In this video we address a number of frequently asked questions from clients. The video helps solidify what we do know and highlights what just isn’t known as of April 21, 2020 with regard to the Paycheck Protection Program and loan forgiveness.

U.S. Chamber of Commerce Foundation Save Small Business Grant

April 20, 2020

The Save Small Business Fund is a grantmaking initiative offering short-term relief for small employers in the United States and its territories. Enter your zip code to see if you qualify. READ MORE

The Small Business Owner’s Guide to the CARES Act

April 9, 2020

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. READ MORE

Paycheck Protection Program- Next Steps- Loan Forgiveness

April 9, 2020

We’re happy to hear that many of our clients have secured their Paycheck Protection Program funds.  It sounds like approvals are coming in hourly. Inevitably, the next question is likely – what now? Here is what we know as of April 9, 2020. READ MORE

Preparation for the Payroll Protection Program

March 30, 2020

While we are currently awaiting further clarification from the SBA regarding the Payroll Protection Program, we are recommending that our clients gather the following documents which will likely be needed in the calculation of the loan value. READ MORE

SBA Loans & Financing Updates for Coronavirus

March 25, 2020

We are keeping abreast of financing options in order to provide our clients with next steps in these trying times. We recommend talking to your banker before making any hasty decisions to see what options are available with your current loans. READ MORE

Small Business Guidance and Loan Resources

March 20, 2020

The Small Business Administration has put out updates for COVID-19 affected businesses. READ MORE for their recommended strategies for employers.

Filed Under: SBA Loans & Financing

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