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Signed into law on December 27, 2020, The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act creates a second opportunity for businesses that have utilized the full...
By Staff Small lenders in Maine and throughout the U.S. on Friday will be able to begin writing a new round of loans through the Paycheck Protection Program, and lenders of every size can start Tuesday. The U.S. Small Business Administration will reopen the PPP loan portal to eligible institutions with $1 billion or less in assets at 9 a.m. Jan. 15, according to a news release Thursday. The portal will fully open on Jan. 19 for all PPP lenders to submit First and Second Draw loan applications to the SBA. The new loans will provide up to $284 billion toward job retention and cert...
Small Business Administration and Department of the Treasury have issued two Interim Final Rules to change the Paycheck Protection Program to extend the authority to make PPP loans through March 31, 2021.
SBA reopens Paycheck Protection Program offering forgivable loans to small businesses In the first days, smaller, community financial institutions will have access, prioritizing first-time borrowers who may have missed the previous round. Author: Kayland Hagwood Updated: 7:59 PM EST January 12, 2021 SUMTER, S.C. — Another round of forgivable coronavirus relief loans are now available to small businesses. The U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) Monday start...
Newly replenished EIDL Loan and Advances (not a second draw) – already open to New Shuttered Live Venue Operators and Talent Representatives available to nonprofit, for-profit, and government owned or operated performing arts venues and museums ($15 billion) New Pandemic Unemployment Assistance for gig workers, W2 employees, and now “mixed earners” New IRS Stimulus Checks of $600 per taxpayer (phasing incrementally out after $75,000 adjusted gross income) and $600 for each of the tax filer’s dependent children 17 years old and younger) New expanded and extended charitable tax ded...