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
Tag: 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
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