“…small businesses is the backbone of our economy…” -President Joe Biden President Biden has signed the PPP Extension Act of 2021, providing some flexibility for small businesses in applying for this loan program. The Paycheck Protection Program (PPP) was created by the Small Business Administration (SBA) to alleviate at least some financial pressures off of… Read more »
Tag: PPP Loan
PPP Loan Extension Passed by US Senate
Posted by Jonathan Ieraci & filed under COVID-19, In the News.
Nearly one of every six small business owners report they will have to close their doors if current economic conditions do not improve over the next six months. National Federation of INdebependent Businesses (NFIB) via The Business Report The COVID-19 pandemic has placed a hardship on anyone over the course of the past year; however,… Read more »
Changes have been made to the PPP loan — Here’s what you need to know.
Posted by Jonathan Ieraci & filed under COVID-19, In the News.
Things just got switched up for small businesses, but it seems to be leaning in business owners’ favor. This month, the Paycheck Protection Plan Flexibility Act (PPPFA) was officially signed into law. These updates can make a major impact on any small business that happened to get hit hard during this year’s pandemic. CTBK wants… Read more »
Understanding the PPP Loan Forgiveness Application
Posted by Jonathan Ieraci & filed under COVID-19.
The U.S. Small Business Administration (“SBA”) recently released the Paycheck Protection Program (“PPP”) Loan Forgiveness Application along, with detailed instructions, which can be found on SBA’s website as well as on the U.S. Department of Treasury’s website. The application contains the following components: PPP Loan Forgiveness Calculation Form; PPP Schedule A; PPP Schedule A Worksheet;… Read more »