Brian Beaulieu’s Economic Forecast: Recovery and Growth
CEO and chief economist of the Institute for Trend Research (ITR) Economics, Brian Beaulieu took the place of his twin brother, Alan Beaulieu, this year to make his first appearance at the 21st Annual Manufacturing Webinar, cosponsored by Barnes Dennig and Huntington Bank. Due to the COVID-19 pandemic,
PPP Loan Statement of Need – Loans Over $2 Million
The Small Business Administration (SBA) has begun sending Paycheck Protection Program (PPP) Loan Statement of Need Questionnaires to review the good-faith certification of economic need that borrowers made on PPP loan applications over $2 million. Form 3509 is for for-profit businesses, while Form 3510 applies to non-profit entities. The PPP
Ohio’s Small Business COVID-19 Relief Programs & Home Relief Grants Applications Open
As of 10:00 AM EST on Monday, November 2, Ohio’s application for small business COVID-19 relief programs and home relief grants are now open, with two ways Ohio companies can benefit, as well as a relief program targeting Ohio households. Small Business Relief Grant The first potential benefit is through
PPP Loan Forgiveness FAQ: Deferral Period, Delays and Expiration
The Treasury and Small Business Administration (SBA) have updated their Frequently Asked Questions (FAQs) on PPP Loan Forgiveness to indicate a change for loan payment deferral for borrowers from 6 to 10 months after the end of their 8- or 24-week covered period. The updated FAQs can be found on
Ohio BWC Pays Out a Second Round of Dividend Payments
The economic impact of the coronavirus pandemic has been devastating to businesses across multiple industries. In response to Ohio Governor Mike DeWine’s order that Ohio agencies do everything in their power to mitigate the impact on Ohio residents, the Ohio Bureau of Workers Compensation (BWC) will issue $1.3 billion dollars
PPP Loan Forgiveness Updates: Burden Relief for Smaller Loans and Guidance for Changes of Ownership
The Treasury and Small Business Administration (SBA) have announced some burden relief for small business with PPP Loans, including a safe harbor for good faith need is automatically applied to those who received loans of less than $2,000,000 – welcome relief for many smaller organizations grappling with PPP loan forgiveness