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Minnesota doesn't seem like the most hospitable spot for an orange farm. But federal authorities paid out thousands to a fraudulent PPP loan to “Shaila Big Fresh Oranges” in Mantorville.
Grand Rapids Business Journal Restaurant and small business owners lean on Hispanic chamber program for guidance, growth and expansion. Courtesy Transformando West Michigan After taking a break during the craziness that was 2020, Transformando West Michigan returned this year with a new round of classes for its participants. The business training program founded and led by the West Michigan Hispanic Chamber of Commerce and underwritten this time around by Bank of America and Huntington Bank will graduate its spring 2021 cohort — which began meeting virtually on Feb. 1 — on April 26. The H...
Idaho and the feds provided COVID-19 payments in 2020. Will you owe taxes on them? John Sowell, Idaho Statesman Updated at Share This BOISE (Idaho Statesman) — Did you receive COVID-19 unemployment payments? Maybe a Paycheck Protection Program loan for your business? How about an Idaho return-to-work bonus? What are the implications when you file your personal or business tax returns this year? Last spring, Aki Kalatzakis obtained $43,000 from the federal Paycheck Protection Program to keep the 16 employees of Meraki Greek Street Food working. The money from the forgivable loan prevented ...
Sheppard believes most PPP loans under $150,000 will get little or no scrutiny from the federal level, so situations like the one at the Blue Hills Fire District in Bloomfield will be left for local officials to sort through, not the Small Business Administration, which is overseeing the program. “Those applications are really going to be a one page attestation that basically you sign and you give back to the SBA. That basically says here was the number of employees I was able to keep, here was my estimated payroll, and you call it a day,” Sheppard said. Hearing complaints from the public...