SBA and Treasury Release New PPP Waiver
On October 8, the U.S. Small Business Administration (SBA) and the Treasury announced the release of a simplified forgiveness process for Paycheck Protection Program (PPP) participants that received loans of $50,000 or less.
SBA Clarifies Due Date of PPP Forgiveness Applications
On October 13, the U.S. Small Business Administration (SBA) released clarifying guidance regarding the due date of forgiveness applications for loans issued via the Paycheck Protection Program (PPP).
SBA Releases Updates On PPP Forgiveness
This week, the Small Business Administration (SBA) and the U.S. Department of the Treasury released new information for recipients of loans through the Paycheck Protection Program (PPP).
Federal Reserve Announces Start of Main Street Lending Program
In a press release published June 15, 2020, The Federal Reserve Bank of Boston announced the opening of the much-anticipated $600 billion Main Street Lending Program ("MSLP").
PA to provide $225 Million in Grants to Small Businesses Impacted by COVID-19
Governor Tom Wolf announced earlier this week a $225 million statewide grant program to assist small businesses that experienced losses as a result of the mandatory business closures due to the coronavirus pandemic.
Federal Reserve Makes Terms More Favorable for Main Street Lending Program
With the Main Street Lending Program (MSLP) expected to start within days, the Federal Reserve announced important changes aimed at making the loan terms even more favorable to borrowers.
Senate Passes Bill Extending Time to Use PPP Loan Funds
The Senate passed the Paycheck Protection Program Flexibility Act of 2020, which provides much needed relief for borrowers struggling to spend loans obtained through the Paycheck Protection Program (PPP).
A Guide to PPP Loan Forgiveness Application
On Friday, May 22, 2020 Tony Montanaro hosted a webinar to walk viewers through the Paycheck Protection Program (PPP) Loan Forgiveness Application. We’ve included links below for you to watch the webinar along with the questions and answers from viewers.
To watch the recorded webinar, click here.
To review the
SBA Releases Application for PPP Loan Forgiveness
On Friday, May 15, the Small Business Administration (SBA) announced an important release for borrowers who received loans through the Paycheck Protection Program (PPP). The bureau made public a form and instructions for borrowers to use to apply for PPP loan forgiveness.
Treasury Provides Guidelines for Review of “Good Faith” Certification Concerning Necessity of PPP Loans
The Department of Treasury provided additional information regarding the SBA's review of borrower's good faith certification as to their need for a loan under the Paycheck Protection Program (PPP).
