Paycheck Protection Program (PPP) Loan Update
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Paycheck Protection Program (PPP) Loan Update

ByThanasi Preovolos

The PPP loan opened on Friday, April 3, 2020, two weeks ago today.  These loans are being approved by the SBA, but they are being made through lenders and various FinTech companies (think Square and QuickBooks).  While any lender can make the loan, we found out quickly that banks restricted applications to their existing clients. …

The SBA Will Make Your Payments for Six Months!
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The SBA Will Make Your Payments for Six Months!

ByThanasi Preovolos

In addition to the Paycheck Protection Program (“PPP”) loans available to small businesses, the CARES Act appropriated an additional $17 billion to subsidize certain small business loans. This act applies to loans made under: Section 7(a) of the Small Business Act, Title V of the Small Business Investment Act, or Section 7(m) of the Small…

COVID-19 Relief: Small Business Loans for Payroll & Other Expenses
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COVID-19 Relief: Small Business Loans for Payroll & Other Expenses

ByThanasi Preovolos

As part of the $2 trillion dollar stimulus package, The CARES Act includes provisions for small employers to obtain loans to help continue and maintain payroll and other critical expenses for their employees and companies.  The Paycheck Protection Program (PPP) is the program that provides this relief. We have received a number of inquiries about…