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The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), which was included in the Consolidated Appropriations Act, 2021, was signed into law on Dec....
Another round of the Paycheck Protection Program has been issued, and it has expanded eligibility to include farmers, ranchers and other self-employed people. The following is information from the Small Business Administration’s website and press releases: The Small Business Administration (SBA) has started accepting Second Draw Paycheck Protection Program (PPP) loan applications from participating community [...]
To embed, copy and paste the code into your website or blog: On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) (Pub. L. 116-260) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section 7(a)(37) to the Small Business Act (15 U.S.C. 636(a)(37)) that authorizes the U.S. Small Business Administration (SBA or the Administration) to guarantee Paycheck Prote...
In this Issue. The Office of the Comptroller of the Currency (OCC) issued guidance on its authority to charter limited purpose trust companies, raising the possibility that a limited...
Financial relief is on the way for thousands of small businesses in southern Colorado. The Payment Protection Program is now accepting applications.