New PPP Safe Harbor for Applicants with Foreign Affiliates

by Jennifer Hart | May 19, 2020 | Finance, Government

By Cary Zimmerman & Jennifer Hart The U.S. Small Business Administration (SBA) released a new Interim Final Rule Monday creating a new safe harbor for applicants with foreign affiliates whose eligibility certifications were technically incorrect. Specifically, it...

U.S. Chamber of Commerce Foundation to Give Supplemental Grants to Small Businesses

by Anne Corrigan | Apr 16, 2020 | Finance, Government

By Anne Corrigan The U.S. Chamber of Commerce Foundation has launched a fund in partnership with Vistaprint and a coalition of supporting companies, foundations and philanthropic donors to assist small businesses impacted by the COVID-19 coronavirus pandemic. The Save...

Small Business Administration Issues New PPP Guidance for Self-Employed & Partnerships

by Jennifer Hart | Apr 14, 2020 | Finance, Government

By Jennifer Hart and Kevin O’Connor The SBA issued an additional Interim Final Rule that supplemented the initial interim final rule issued by the SBA on April 2, 2020. The Rule provides guidance on eligibility for the Paycheck Protection Program for...

Paycheck Protection Program (PPP) Launches With New Application, Rules

by Jennifer Hart | Apr 3, 2020 | Finance, Government

Today was the first day the Small Business Administration (SBA’s) processed applications for the groundbreaking Paycheck Protection Program. And the $349 billion allocated to the program is already going fast. By 9 a.m. community banks had processed 700 loans...

Coronavirus Stimulus Bill SBA Loan Program: What Businesses Need to Know

by Anne Corrigan | Mar 27, 2020 | Employment, Finance, Government

[Updated 3-27-20 @ 4:40 PM: President Trump has signed the CARES Act.] By Justine Lara Konicki & Anne Corrigan A historic $2 trillion stimulus package was signed by President Trump Friday after being passed by Congress. The bipartisan Coronavirus Aid, Relief, and...