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2020 – 04-03 It’s no secret that, in coming weeks, the U.S. Treasury Dept. and the IRS will be sending out cash payments to eligible people to ease the economic impact of the coronavirus (COVID-19). Yet, confusion remains. In a press release, the agencies announced that Social Security (SS) beneficiaries (who don’t exceed income limits)…
On Thursday April 2, 2020 there was more breaking news regarding the Paycheck Protection Program (PPP)Loans. Final Borrower Applications The SBA and US Department of the Treasury released a Final Borrower Application. Loan Amount: The application now includes the Average Monthly Payroll + EIDL Net of Advance (if Applicable) = Loan Request. There is additional new language and questions…
2020 -04/01 The Treasury Department and the SBA continue to release new and important information regarding the Paycheck Protection Program (PPP) loans. The Treasury Department has released two important resource guides: Top-line overview of the program Click Here Paycheck Protection Program (PPP) Information Sheet for Borrowers Click Here Sample Loan Application Click Here Link to…
