Safe Harbor for PPP Loans Under $2 million
Business Owners – this is for you! Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program (PPP) loans made in amounts exceeding $2 million, the agency issued guidance extending an automatic safe harbor to...
Financing Updates: Additional Funding for PPP and EIDL
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,...
Update: Disaster Loan Advances and Paycheck Protection Program
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...
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