PPP Loan Forgiveness – Frequently Asked Questions
Updated May 18, 2020 What is “loan forgiveness”? The main benefit of the Paycheck Protection Program (PPP) is that if the proceeds from the loan are properly spent within the eight week “Covered Period”—which begins, at the election of the applicant, on the day the PPP proceeds are deposited into the applicant’s bank account or […]
CARES Act Resource Page
On March 25, 2020, the U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act offers critical economic stimuli to individuals, businesses and healthcare institutions as a result of the extreme financial strains caused by the COVID-19 (Coronavirus) outbreak. On March 27, 2020, the U.S. House of Representatives […]