PPP Re-Opening Date and New Guidance from SBA & Treasury

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make

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COVID-19 Relief Bill Passed – Here Are the Benefit Details

On December 15, 2020, Congress introduced two bipartisan COVID-19 relief bills: the COVID-19 Emergency Relief Act of 2020 ($748 billion) and the State and Local Support and Small Business Protection Act of 2020 ($160 billion), that contain payroll-related provisions. Additional benefits to small businesses are included in the COVID-related Tax

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Two COVID-19 Relief Bills: Key Provisions Summarized

On December 15, 2020, Congress introduced two bipartisan COVID-19 relief bills, the COVID-19 Emergency Relief Act of 2020 ($748 billion) and the State and Local Support and Small Business Protection Act of 2020 ($160 billion), that contain payroll-related provisions. Congress included additional benefits to small businesses compared to the first

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HEROES Act Bill Passes House

The US House passed a revised bill H.R. 6800 – the Health and Economic Recovery Omnibus Emergency Solutions Act or the HEROES Act[1], Thursday to provide $2.2 trillion in relief to respond to the COVID-19 pandemic and its impact on the economy, public health, state and local governments,

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