by Mettise | May 14, 2020 | Blog Post, Finance
Business Owners – this is for you! Some of Oklahoma City’s smallest businesses have a new source of financial help. Businesses with five or fewer employees located within designated Urban Renewal Areas may apply for a grant at ocura-ok.org for up to $10,000...
by Mettise | May 7, 2020 | Blog Post, Finance
Our last blog post announced that the IRS issued Notice 2020-32 indicating that expenses funded with forgiven PPP loan proceeds are not deductible. We believe this is contrary to the intent of the CARES Act. Yesterday, Senators Grassley and Wyden introduced...
by Mettise | May 3, 2020 | Blog Post, Finance
Business Owners – this is for you! The IRS issued Notice 2020-32 indicating that expenses funded with forgiven PPP loan proceeds are not tax-deductible. We believe this is contrary to the intent of the CARES Act. If you agree, we encourage you to contact your elected...
by Mettise | Apr 25, 2020 | Blog Post, Finance
Business Owners – this is for you! PPP and EIDL funding updates: As of Friday, April 24th, Congress has approved a bill for additional funding of $310 billion for the Paycheck Protection Program (PPP). Therefore, if you did not receive funding from the first round,...
by Mettise | Mar 29, 2020 | Blog Post, Finance
Business Owners – this is for you! Managing through the crisis – here are the latest updates. Economic Injury Disaster Loan (EIDL): This program has been available for over a week, and you apply directly on the SBA website. The loans are...
by Mettise | Mar 20, 2020 | Blog Post, Finance
The Mettise Group met with the Small Business Administration (SBA) yesterday morning on Economic Injury Disaster Loans (EIDL). While the State of Oklahoma’s disaster status is still being processed, we expect that this tool will be available soon. To apply:...
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