Economic Injury Disaster Loans Update

The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program. Starting the week of April 6, the loan limit for COVID-19 EIDL loans will...

The CARES Act liberalizes net operating losses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief...

Treasury Releases Favorable PPP Economic Need Certification Guidance

UPDATED:  On May 13th, the Treasury and SBA have released favorable guidance for the PPP economic need certification.  They have also clarified that an employer that applied for a PPP loan, received payment, and repays the loan by the safe harbor deadline (May 14,...

Congress expands small business COVID-19 relief

IMPORTANT NOTE:  The PPP program is now replenished for round two. We encourage all eligible small businesses to apply now through their financial institution or through an online lender as the funds will quickly run out. While the EIDL program also received funding,...
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