Paycheck Protection Program – Page 2

SBA reopens EIDL program to small businesses and nonprofits

COVID-19, Economic Injury Disaster Loan (EIDL), Independent Contractors, Nonprofit, Paycheck Protection Program, Small Business, Small Businesses Administration, Sole Proprietors / Douglas Freeman

Just last week, the Small Business Administration (SBA) announced that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program to eligible applicants still struggling with the economic impact of the COVID-19 pandemic. The EIDL program offers long-term, low-interest loans to small businesses and nonprofits. If your company hasn’t been able to […]

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PPP Flexibility Act eases rules for borrowers coping with COVID-19

(CARES ACT), Business Expenses, Coronavirus Aid (CARES Act), COVID-19, Employees, Paycheck Protection Program, Payroll & HR Functions, Small Business, Small Businesses Administration / Douglas Freeman

As you may recall, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) back in April to help companies reeling from the economic impact of the COVID-19 pandemic. Created under a provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the PPP is available to U.S. businesses with fewer than 500

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Just launched: The SBA’s Paycheck Protection Program

(CARES ACT), Coronavirus Aid (CARES Act), COVID-19, Employees, Independent Contractors, Paycheck Protection Program, Relief, Self Employed, Small Business, Small Businesses Administration, Sole Proprietors / Douglas Freeman

To stem the tide of joblessness caused by the coronavirus (COVID-19) outbreak, the Small Business Administration (SBA) has officially launched the Paycheck Protection Program (PPP). The program’s stated objective is “to provide a direct incentive for small businesses to keep their workers on the payroll.” What does the program offer? The PPP was authorized under

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