If you have not applied for forgiveness, now is the time and the deadline may be fast approaching.
Late on January 6th, the SBA issued 120 pages of guidance in the form of Interim Final Rules. The revised application for Paycheck Protection Program Part 2 was released on January 8th.
The SBA will begin taking applications on January 11th although only new borrowers in underserved communities will have access today and tomorrow. On Wednesday, January 13th, all eligible entities nationwide will be able to apply.
Lawmakers finally ended months of negotiations to agree on a $900 billion Covid stimulus package. The bill is referred to as “The Consolidated Appropriations Act, 2021”. Changes to the PPP program included in the stimulus package include:
Watch the webinar update presented by Dent Moses partners Mike Baker and James Moody, along with Nicole Reed of Capital Solutions as they review this new guidance and what it means for you.
On Friday, May 15th, the SBA in consultation with the Treasury released an application and instructions for PPP loan forgiveness.
On Wednesday, May 13, the SBA issued additional guidance extending an automatic safe harbor to borrowers with PPP loans less than $2 million. These borrowers are deemed to have made the required certification in good faith. This bright-line test is a relief for many who applied for loans and had concerns that some future SBA…
Paycheck Protection Program Update (Part III) with Dent Moses Managing Partner, Mike Baker; Dent Moses Partner, James Moody; and SBA Lender, Nicole Reed of Capital Solutions.