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:
The State of Alabama, through the Alabama Department of Revenue (ALDOR), has a new grant program, Revive Alabama Small Business Grant Program, for small businesses affected by COVID-19.
On Wednesday, June 3, the Senate passed the House version of the Paycheck Protection Program Flexibility Act of 2020. As its name suggests, the legislation is intended to give borrowers more flexibility by extending the amount of time to spend PPP funds and by relaxing other requirements. The bi-partisan legislation is expected to be signed by President Trump.
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.
Dent Moses Managing Partner, Mike Baker, leads a panel discussion on returning to work. As shelter-in-place orders are lifted, businesses will enter uncharted territory. How will you respond?
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.
It’s been an intense couple of weeks. The next task for those who submitted loan applications for the Paycheck Protection Program (PPP) will be to determine how much of the loan will be forgiven. The attached template should help – it is intended as a planning tool. Guidance is sparse and we expect the administration…
Paycheck Protection Program Update (Part II) with Dent Moses managing partner, Mike Baker and SBA Lender, Nicole Reed of Capital Solutions.