PPP Forgiveness Application Draft
- May 18, 2020
PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related...
Paycheck Protection Program SBA Updates
- May 1, 2020
Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan...
Deductibility of Expenses Reimbursed by the Paycheck Protection Program
- May 1, 2020
The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program...
CARES Act
- March 27, 2020
Congress has passed a $2.2 trillion stimulus package to support the economy during the virus pandemic. The President has indicated that...
Families First Coronavirus Response Act – Part 1
- March 27, 2020
All Employers must be prepared to comply with the requirements of this Act Effective April 1, 2020. Purpose: To provide their...
COVID-19 and Your Bank’s Credit Administration
- March 27, 2020
We have been receiving ongoing questions from financial institutions on how to work through the issues their customers are facing as...
COVID-19 Update: Loan Modifications for Banks
- March 25, 2020
On March 22, 2020, regulators released an interagency statement on loan modifications by financial institutions working with customers affected by the...
Business Survival Tool Kit
- March 20, 2020
COVID-19 has presented a unique set of challenges from both a health perspective and financial perspective for small business. As companies...
Families First Coronavirus Response Act
- March 20, 2020
Congress passed and President Trump signed the Families First Coronavirus Response Act on March 18, 2020. Several provisions of the Act...