White House announces PPP changes

The Biden-Harris administration announced several reforms to further target the Paycheck Protection Program (PPP)  to the smallest businesses and those that have been left behind in previous relief efforts. The following are specific changes: 1.   Create 14-day...

Simplified PPP Loan Forgiveness Application

The US Small Business Administration (SBA) and Treasury have published updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less - Form 3508S. Before the...

PPP Round 2

Reopening of PPP Loan Program The SBA and Treasury announced that the new PPP will re-open the week of Jan. 11 with community financial institutions exclusively allowed to make first-draw PPP loans on starting Jan. 11 and second-draw PPP loans starting Jan. 13. The...

PPP loan increases, reapplications open January 19, 2021

If you received a first-draw PPP loan approved by Aug. 8, 2020 that has not been forgiven, you may be able to amend your original application to request a PPP loan increase. Borrowers can amend their original application to request increased loan amounts due to...
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PPP and EIDL Programs Extended

PPP and EIDL Programs Extended

The Paycheck Protection Program application deadline has officially been extended to August 8th.  Under the program, the SBA had approved almost 4.9 million loans, totaling $520.6 billion....

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Be alert to tax fraud

Be alert to tax fraud

Fraudsters are on attack, using malicious email, text message and telephone scams designed to steal tax refunds and government stimulus checks being distributed to eligible individuals....

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