On March 16, the House passed 415-13 H.R. 1799, the PPP Extension Act of 2021. The bill would extend the Paycheck Protection Program (PPP) loan application deadline to May 31 from March 31 and give the Small Business...more
3/19/2021
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
With the Paycheck Protection Program (PPP) set to expire on March 31, lawmakers have struck a deal to extend the program for two months through the end of May. Leaders of the House Small Business Committee, Chair Nydia...more
The Colorado General Assembly’s 2020 Extraordinary Session focused on coronavirus-related economic stimulus concluded yesterday and, of the 33 bills introduced, only 10 survived the three-day lawmaking period. Notably, many...more
Last week, the Small Business Administration (SBA) began asking SBA Paycheck Protection Program (PPP) lenders to issue over 50,000 loan necessity questionnaires to borrowers that received $2 million or more in funds from the...more
The deadline to apply for the Paycheck Protection Program is fast approaching. The deadline to apply is Tuesday, June 30. Approximately $144 billion remains available, and the rush on the forgivable loans has slowed....more
Just as the federal government’s approach to the coronavirus is dynamic and evolving, so are the rules for small business loans made in response to the pandemic. On June 11 and June 12, 2020, the Small Business Administration...more
On May 15, 2020, the Small Business Administration (SBA) released much-anticipated guidance for the Paycheck Protection Program (PPP) loan forgiveness provisions. Until May 15, many borrowers were relying solely on the...more
On April 2, 2020, the Small Business Administration (SBA) released Interim Final Rules (“Final Rules”) for the Paycheck Protection Program (PPP) — sections 1102 and 1106 of the CARES Act. The Interim Final Rules are different...more