PPP FUNDING ENDS 3-31-2021

The Paycheck Protection Program (PPP) ends on March 31, 2021.  Eligible businesses can apply through their bank until that point.  If you have any questions about the PPP, please give your CPA a call as soon as possible.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

 

PPP LOANS OF 50k OR LESS

Paycheck Protection Program (PPP) borrowers of $50,000 or less now have an opportunity to apply for forgiveness using a simplified application that has been released.

Loans of less than $50,000 are now exempted from any reductions in forgiveness based on reductions of employees or reductions in wages.

https://www.sba.gov/sites/default/files/2020-10/PPP Loan Forgiveness Application Form 3508S.pdf