The SBA Paycheck Protection Program Round 2 Starts Today Monday April 27

SBA Small Business Administration

Last week, Congress and the President approved an additional $310 billion for the SBA Paycheck Protection Program (PPP) as part of a $480 billion in additional coronavirus relief. The SBA announced it will take applications again for PPP loans on Monday, April 27, at 10:30am EST. Over the last week, the news has focused much […]

SBA Announces It is Out of Money for PPP Paycheck Protection and EIDL Disaster Relief Programs

SBA Small Business Administration

SBA has run out of funding for Paycheck Protection Progam (PPP) and EIDL (Economic Injury Disaster Loan) relief programs for small businesses. This was posted on Thursday on their website. Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance […]

Intuit Aid Assist Helps Small Businesses Assess Eligibility For Relief Under CARES Act

Intuit Aid Assist

Intuit, the maker of TurboTax, QuickBooks and Mint, released Intuit Aid Assist, a free website with an interactive tool to help eligible small business owners and the self-employed assess how much federal relief they qualify for under the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act, administered by the Small Business Administration (SBA). Intuit Aid Assist is […]

American Institute of CPAs Urges Additional Funding for Paycheck Protection Program

American Institute of CPAs - AICPA

The American Institute of CPAs (AICPA) urges swift approval of additional funding for the SBA Paycheck Protection Program (PPP), a crucial initiative under the CARES Act to provide relief for small businesses and their employees. With reports that the PPP’s initial $349 billion pool of funds will be fully subscribed as early as today, the […]

SBA Report Suggests Paycheck Protection Program Will Be Out of Money This Week

SBA Paycheck Protection Program Loans

The Small Business Administration (SBA) provided an update on the Paycheck Protection Program (PPP) lending program. In the CARES Act passed by Congress to help with the current coronavirus (COVID-19) crisis economic meltdown, lawmakers allocated $350 billion towards the PPP loan program. Yesterday, the SBA issued an interim report showing about $246 billion in loans […]

Where is The Coronavirus Stimulus Money? – Small Business Owners Keep Asking

Washington DC Capitol

The $2.2 Trillion CARES Act includes a provision for small businesses to receive up to $2 million in an Economic Injury Disaster Loan (EIDL) from the Small Business Administration (SBA). The EIDL program is an expansion of an existing SBA loan program the agency offers during other types of disasters such as hurricanes and earthquakes. […]

SCORE – The Free Small Business Resource Many Never Heard Of!

SCORE Young Business People

In today’s modern world of social media, Google search, and YouTube videos, there are plenty of digital ways for small business owners to find answers to questions. It’s convenient (24/7), but it’s voluminous, overwhelming and at times contradictory. Since 1964, SCORE, a non-profit organization funded in part by a grant from the U.S. Small Business […]

IRS / SBA / U.S. Secret Service Warnings of Coronavirus Stimulus Scams And Phishing Attacks

USA Flag Government Building

With the coronavirus stimulus packages passed in Washington, scammers and fraudsters see an opportunity to take advantage of people trying to make ends meet or keep their businesses afloat. Both the IRS, SBA, the U.S. Secret Service, and local, state, and federal agencies have issued warnings on coronavirus related scams and phishing attacks. IRS Warning […]

SBA Coronavirus Stimulus Paycheck Protection Plan Loans Face Delays – Update 1

Business woman staring at laptop anxiously

With great urgency and speed, Congress and the Administration passed a $2 trillion coronavirus stimulus bill (CARES Act). It includes about $350 billion in SBA backed loans and among other programs incentivizes businesses to keep employees on their payroll by offering to forgive that portion of the loan. This provision is known as the Paycheck […]