Aug 25, 2020
SBA Issues New PPP Guidance
Guiding You Through the SBA Disaster Loan Program Process
The COVID-19 pandemic has placed a huge economic burden on businesses across the country. Through the Small Business Administration (SBA) disaster loan programs, many businesses and individuals will hopefully be able to secure the financial assistance they need to meet their obligations during this difficult time.
While many await funding from the SBA 7(a) loan program and SBA Economic Injury Disaster Loan (EIDL) program there are many questions related to EIDL grants and loans, PPP loan forgiveness calculations and limitations, and stimulus money which need clarification. Withum’s SBA Financial Assistance Services Group has been staying on top of guidance released daily by the IRS and other Federal and State government entities. Click the articles below for the most relevant information available.
SBA Releases Updated PPP Loan Forgiveness Application(s)
PPP and the Enigma of Loan Forgiveness (5-6-20)
Additional Funding Authorized for PPP Program (4-26-20)
Preparing PPP Forgiveness Calculations (4-24-20)
Click here for a SBA Franchise Directory list evaluating the eligibility of small businesses operating under an agreement.
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