With initial disbursements of Round 2 PPP loans being dispersed, businesses may want to consider additional liquidity-preservation options but should remain mindful of how their decisions could impact existing credit facilities. With the news Tuesday that the Small Business Administration has approved more than 475,000 Paycheck Protection Program loans totaling […]
For many restaurants, child care centers and other labor-intensive businesses, the Paycheck Protection Program’s payroll maintenance requirements may prove a bridge too far in providing relief to many devastated businesses. On Thursday, the House of Representatives joined the Senate in passing the third coronavirus relief package, this time with $321 […]
With the Senate passing $380B in new funding for the federal SBA’s small business relief program on Tuesday, the House of Representatives is expected to overwhelmingly approve this new money for the program on Thursday, April 23. On Tuesday, the United States Senate authorized $380 billion in new funding for […]
The US Chamber of Commerce Foundation is offering eligible small businesses with up to $5,000 in free grants. To qualify, you must employ between 3-20 people, be effected financially by the COVID-19 crisis, and be located in an eligible zip code (most communities will qualify). Read more and/or apply here: […]
Important new guidance on the SBA’s Paycheck Protection Program as applied to partnerships: View PDF