The Main Street Lending Program is now fully operational. Eligible borrowers have access to a variety of loan options depending on whether they operate a for-profit or not-for-profit entity. Find the key terms for the Program here!
New Paycheck Protection Program loan information keeps coming. We have updates on the new loan forgiveness applications and when you can expect further guidance.
Deciphering the application is hard, and calculating the appropriate forgiveness for your company based on the ever-changing guidance is harder. Let us help!
Revisions announced by the Federal Reserve Board on June 8 introduce new terms meant to expand interest in the “soon-to-be available” loan facilities offered under the Main Street Lending Program.
The Paycheck Protection Program Flexibility Act is relatively short, but it contains several key changes to the terms of the Program, including loan forgiveness.
With hundreds of questions under our belt, we think we know the Top Ten issues currently irritating borrowers about Paycheck Protection Program (PPP) loans and their forgiveness. Here are our thoughts on the Top Ten.
In this webinar recording, Erica Horn and John Wurtenberger examine the Loan Forgiveness Application with additional emphasis on the FTE and salary and wage calculations and safe harbors, as well as discuss what is different than was expected.
The Small Business Administration released a Loan Forgiveness Application for Paycheck Protection Program (PPP) loans on May 15. It's believed the application could be the final word on forgiveness.
Updated: 05/21/2020 Accounting considerations for COVID-19 relief packages, an in-depth breakdown.
Additional guidance has been provided by the SBA and the Department of Treasury as we approach the "safe harbor" deadline for PPP loans.