Paycheck Protection Program Extended For a Final Time
**UPDATED 7/6/2020** In a somewhat surprising move from the Senate late last week, the Paycheck Protection Program has been extended again for an additional five weeks. This latest extension of the popular relief program gives small businesses through August 8 to apply for the loan. The legislation passed quickly through the House and was signed […]
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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness
Part of the CARES Act passed in March (and then replenished a month later), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. Administered by the Small Business Administration (SBA), these are loans are available through approved lenders and […]
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New Funds, Old Problems: 5 Things to Know About the Paycheck Protection Program Process
Last week, it was revealed that the $349 billion government program established to keep small businesses afloat during the pandemic and resultant economic crisis had already run out of money. Administered by the Small Business Administration (SBA), the Paycheck Protection Program funds were depleted after just 13 days. During this brief time, the SBA says […]
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