We found this informative article detailing the Paycheck Protection Program Loans provision of recent legislation to help owners of small businesses impacted by the Coronavirus and business closures. Learn more about the program from small business lawyers. As always, we are available to help you understand the accounting and tax implications of these new programs. […]
Paycheck Protection Program Advice Read More »
We have discovered from communication with the SBA and local banks that this loan will be processed by local small business bankers. At this time the local banks are still trying to sort through the Payroll Protection Program process and work out the lending application/funding details. As is the case with most government programs, the
Payroll Protection Act: Missouri Businesses. Read More »
As of March 27, 2020, at 1:30 pm the House of Representatives passed the most recent stimulus package called the CARES Act. The bill now goes to the President’s desk for signature. Included in the bill is a payroll loan which in many cases will be forgivable, either 100% forgivable or portions of the loan
CARES Act Offers Assistance. Read. Read More »
https://www.bizjournals.com/stlouis/news/2020/03/23/fund-launched-to-aid-st-louis-area-small.html?ana=e_stl_bn_editorschoice&j=90501384&t=Breaking%20News&mkt_tok=eyJpIjoiWW1WaU1URmtNemhrTUdReiIsInQiOiI5ek5qbjdSajZGWlZLbmM5dzhibmtVQ0xlN21ZQUFlTTNEOEpOTHhDbjhYaE9tcm9vazRFVWJwQmZTTEd3UFZNcVIxWDVQV0EwU0dvQXlDWkowdDZZS0d3WEo1WXJ2MXphVDBkUjkrSFZPYlJneEI2V25lb0lNNld1SDVPc0krVzFHcUtzZ2pWVEIxbmhzWk9OY0tLZmc9PSJ9
New Fund Launched To Help St. Louis Businesses. Read More »
There is likely to be a significant backlog so apply as soon as possible if needed – use this link https://www.sba.gov/funding-programs/disaster-assistance There is some leg work, but the repayment terms are business-friendly. These loans are for working capital and not to expand or refinance existing debt. They may be used to pay fixed debts, payroll, rent, accounts
SBA Coronavirus Disease (COVID-19) Relief Loans Read More »
