Today, the Biden Administration announced several reforms to further target relief to America’s smallest businesses and to ensure that Paycheck Protection Program (PPP) funds are distributed equitably. These reforms include the following changes intended to eliminate barriers that disproportionately … [Read more...] about President Biden Announces Changes to PPP
Response and Relief Act
SBA Posts Guidance on Eligibility for Different Relief Options
The U.S. Small Business Administration (SBA) posted a new webpage titled Cross Program Eligibility on SBA Coronavirus Relief Options on their sba.gov website. The webpage includes this chart, which summarizes the criteria that must be met by applicants when considering the following Coronavirus … [Read more...] about SBA Posts Guidance on Eligibility for Different Relief Options
SBA Posts Guidance for Shuttered Venue Operators Grants
The Consolidated Appropriations Act, 2021 signed into law by President Trump on December 27, 2020, includes the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), which provides $15 billion in funding for the U.S Small Business Administration (SBA) to establish … [Read more...] about SBA Posts Guidance for Shuttered Venue Operators Grants
Employee Retention Credit Extended and Expanded
Updated March 12, 2021 The CARES Act originally created the Employee Retention Tax Credit (ERTC) when it was enacted into law in March 2020. The ERTC is designed to encourage businesses to keep employees on their payroll by providing a refundable tax credit against certain employment taxes equal … [Read more...] about Employee Retention Credit Extended and Expanded
Second Draw PPP Loans Now Available
The Consolidated Appropriations Act, 2021 (CAA) signed into law by President Trump on December 27, 2020, includes Division N, Title III, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), which continues the Paycheck Protection Program (PPP) and other small … [Read more...] about Second Draw PPP Loans Now Available
New COVID Relief Law Revises and Reopens PPP to New Borrowers
The Consolidated Appropriations Act, 2021 (CAA) signed into law by President Trump on December 27, 2020, includes Division N, Title III, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), which continues the Paycheck Protection Program (PPP) and other small … [Read more...] about New COVID Relief Law Revises and Reopens PPP to New Borrowers