Posts

UPDATED REQUIREMENTS FROM THE IRS for PPP

https://home.treasury.gov/ system/files/136/PPP--Fact- Sheet.pdf This link opens to the Fact Sheet giving ALL the information regarding the PPP loan. Apparently different banks have different requirements but this is the basic requirements from the Feds.

Info on Payroll Protection Plan

It's spot on about everything in regards to the PPP loans. https://www.youtube.com/watch?v=swVRdq7cQ9U Thanks to one of my clients for sharing it with me!

Small Business Owner's Guide

Check out this link and download the guide https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

The Stimulus and Student Loans

Here is a great site for information on how the Stimulus CARES Act is affecting our students: https://thecollegeinvestor.com/33324/coronavirus-stimulus-checks/

Full Text of CARES Act

The full text is here: https://www.congress.gov/bill/116th-congress/house-bill/748/text

Stimulus Paycheck Protection Program

The prior post was for the SBA Disaster Loan Assistance program. This one is for the Paycheck Protection Program created via the stimulus package. https://www.sba.gov/funding-programs/loans/paycheck-protection-program Here is the article that talks about it: https://www.washingtonpost.com/business/2020/03/30/heres- how-get-small-business-loan- under-349-billion-coronavirus- aid-bill/ The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020. Information is coming out in dribs and drabs and I will try to keep everything collated here. If you have data to share, please email it to me and I will post it. That also allows me to target it to specific clients a...