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Tag: Loan Forgiveness

PPP Loan and the Economic Aid Act

PPP Loan and the Economic Aid Act

January 19, 2021

The United States Small Business Administration (SBA), in connection with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on…
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Paycheck Protection Program PPP Loan

PPP Loan Forgiveness – LNK Tax Group

September 28, 2020

Borrowers who received Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act are asking their tax professionals if and how they will qualify for PPP loan forgiveness. There is uncertainty over some of the program details. Organizations. especially small to medium sized businesses, worry about meeting the loan forgiveness…
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