getty The U.S. Small Business Administration, which manages the Payroll Protection Program (PPP), began applying for loan relief on August 10th. Just two weeks later, the bureau, in conjunction with the Treasury Department, issued additional guidelines on forgiveness of designed pandemic loans to keep workers on payroll. If you are …
Read More »Why the PPP loan extension is good news for this group of entrepreneurs
Getty As we approach the weekend of July 4, the Check Protection Program Extension Act is on its way to President Trump’s desk for signature. This Act will extend the time that small businesses and freelancers have to submit a PPP loan application until August 8, 2020. However, while Congress …
Read More »SBA Dismissed Ethics Review for Agency Employees, Lawmakers in Emergency Loan Program
An unnoticed rule issued by the Small Business Administration earlier in the pandemic allows agency employees, legislators, and other federal officials to bypass an ethics review that aims to avoid conflicts of interest. The exemption pertained to $ 659 billion Payment Protection Program (PPP) loans, a congressionally approved lending facility …
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