The Small Business Administration (SBA) has updated a guidance document to extend a “safe harbor” deadline and clarify economic necessity certification requirements under the Paycheck Protection Program (PPP). The guidance lays out SBA’s policy determination that businesses receiving less than $2 million will not have to certify the economic necessity of a PPP loan (SBA … Continue reading SBA Expands Guidance on PPP
We’ve heard from more than a few members that they are having trouble getting their laid off or furloughed employees to come back to work from unemployment. The additional $600 each week while on unemployment has certainly not helped employers who have now received the Paycheck Protection Program (PPP) loan and are ready to bring … Continue reading Bringing Back Laid Off Employees
As always, these resources and more can be found on our website at https://www.hpba.org/coronavirus. New Paycheck Protection Program Guidance from SBA The Paycheck Protection Program (PPP) relaunched yesterday at 10:30 AM. Ahead of the rollout, the Small Business Administration (SBA) released new resources for businesses applying for loans under this second tranche of program funding.This … Continue reading HPBA COVID-19 Update
For small businesses across America, the CARES Act has provided much-needed assistance to those of us who are hurting as a result of the COVID-19 pandemic. But critical funding for the Paycheck Protection Program (PPP), which was made available to small businesses as a result of the CARES Act, has officially run out, which is only adding … Continue reading Urge Congress to Provide Small Business Coronavirus Relief Immediately
States, without question, will face significant fiscal challenges as a result of the COVID-19 pandemic. Rhode Island General Treasurer Seth Magaziner warns that his state is “weeks, not months” away from running out of money. California Governor Gavin Newsom (D) says the pandemic could wipe out the state’s $21 billion surplus. Similarly, a recent study in … Continue reading COVID-19: Which states will face immediate budget issues?
The U.S. Congress has been working on multiple pieces of legislation that would provide relief to Americans in the wake of impacts by the coronavirus (COVID-19). So far, enacted legislation has addressed general small business concerns and tax policy, but not industry-specific relief. The EPA’s Step 2 deadline of May 15, 2020 still stands, regardless … Continue reading Urge Congress to Provide Step 1 Sell Through Period in COVID-19 Relief Package
HPBA received news last week —just prior to the opening of the 2020 HPBExpo – that EPA’s Final Rule addressing sell-through was finalized and made available online. To our great disappointment, the Final Rule does not include sell-through for any covered product category. Read hpba's press release Coronavirus COVID-19 Impacts HPBA is aware of the … Continue reading EPA Denies Sell Through in Final Rule; Coronavirus Impacts