Paycheck Protection Program Update

Paycheck Protection Program Update

SBA PPP Rules Update: The SBA provided additional guidance through an IFR on the Treatment of Owners and Forgiveness of Certain Nonpayroll Costs issued on August 24, 2020 and published in the Federal Register at Vol. 85, No. 167, page 52881: Owner-Employee...

Paycheck Protection Program Update

Paycheck Protection Program Recent Updates

The SBA provided additional guidance through a FAQ update 8/4/20: The Borrower is not required to make any loan payments on the PPP Loan until the forgiveness amount, which was approved, is remitted to the Lender (i.e. your bank) by the SBA.  If the loan is entirely...

Paycheck Protection Program Update

Paycheck Protection Program Update

Revised Loan Forgiveness Application (SBA Form 3508), and Simplified Loan Forgiveness Application (SBA Form 3508EZ), and Instructions for each as of June 17, 2020: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses Owner-employee, or...

Paycheck Protection Program Update

PPP Flexibility Act of 2020 & SBA Interim Final Rule 2020-0035

Paycheck Protection Program Flexibility Act of 2020 & SBA Interim Final Rule 2020-0035   On June 5, 2020 the President signed the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act) into law.  On June 11, 2020 the SBA released their Interim...

Paycheck Protection Program Update

Paycheck Protection Program Loan Forgiveness Application Update

Managing the Small Business Association’s Paycheck Protection Program Loan Forgiveness Application May 22, 2020|Featured Article   This briefing provides: An introduction and overview of the new Paycheck Protection Program Loan Forgiveness Application Helpful...

 
ASSETS UNDER MANAGEMENT FEE
FIRST $1,000,000 1.00%
NEXT $1,000,000 0.85%
NEXT $3,000,000 0.70%
NEXT $5,000,000 0.55%
THEREAFTER 0.40%
MINIMUM FEE $1,500