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Coronavirus Aid Relief and Economic Security Act

Applications Reopen For New PPP Funding/Michigan Allows Lawn Work

PPP
Applications are being accepted again today for the Paycheck Protection Program (PPP) after the initial $349 billion of funding was exhausted in less than two weeks. On Friday, another $310 billion was added to the PPP program, including $60 billion set aside specifically for small lenders. But many fear this ...

Getting An SBA Economic Injury Disaster Loan (EIDL)

EIDL
Update On Thursday, April 16, 2020, the SBA announced a lapse in appropriations for the EIDL program related to COVID-19. From its website: “SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations ...

Will Federal Aid Be Enough To Save Your Small Business?

federal aid
Update On April 16, 2020, the U.S. Small Business Administration (SBA) announced it had exhausted allotted funds for the Paycheck Protection Program (PPP). SBA, which administers the PPP, shut down its application and ceased enrolling new lenders into the program. _______ Will federal aid programs be enough to help small ...

PPP (Paycheck Protection Program) Loans For Small Businesses Affected By Pandemic

PPP
Last week, the U.S. Small Business Administration (SBA) launched the Paycheck Protection Program, or PPP, a $349 billion emergency loan program created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES). The PPP provides forgivable loans up to $10 million to small businesses left financially distressed by ...

Do New Pandemic Unemployment Benefits Apply To You or Your Employees?

pandemic unemployment benefits
Think you or your employees don’t qualify for unemployment during the pandemic? You might want to think again. Congress has greatly expanded its eligibility requirements for such benefits under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The new pandemic unemployment benefits cover individuals who would not otherwise be ...
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