Credit reports are now free, every week

If there’s such a thing as a COVID-19 silver lining, here’s one. The three major credit reporting companies (Equifax, Experian and Transunion) are making your credit reports free through April 2021. Free access to your credit report is one more tool to help you weather the pandemic storm currently laying waste to economies and individual …

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PPP loan forgiveness application released by SBA

On Friday May 15th, the SBA released the Paycheck Protection Program, or PPP, Loan Forgiveness Application. The highly anticipated application provides insight and direction for the loan forgiveness process. The application can be found on our web page.  While the application will likely not answer all of the questions borrowers have, the eleven-page document includes …

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PPP loan forgiveness application now available

The SBA released a PPP loan forgiveness application on Friday, May 15th along with instructions on completing the form. The application does provide some clearer guidance on some unanswered questions that people have been struggling with since the program started. There is clarity on how to calculate FTE (full time equivalent) employees, how to calculate …

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PPP loan increases available for partnerships and seasonal employers

Is your Paycheck Protection Program loan not covering as much as you need it to? Some businesses may be able to go back for more. The Small Business Administration (SBA) released an interim final rule regarding PPP loan increases for partnerships and seasonal employers. Don’t miss: SBA clarifies process for review of good-faith PPP certifications …

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SBA clarifies process for review of good-faith PPP certification

In an effort to provide businesses desperately needed help during the COVID-19 crisis, the Small Business Administration (SBA) is administering loans through the Paycheck Protection Program. To streamline the process, qualification certification for the PPP has been reduced to good-faith certification, but that’s raised several questions. Key among them, exactly how will SBA review borrower’s …

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OMB exemptions related to the expenditure of federal awards and COVID-19

With the widespread impact of the COVID-19 virus, the Office of Management and Budget (OMB) has released various memorandums offering advice, direction and relief through the relaxation or easing of the administrative requirements related to the expenditure of federal funds. Initially the OMB’s memo’s focused on providing relief or flexibility only to recipients performing essential …

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