You may be able to apply for forgiveness through the SBA Form 3508EZ if you are a borrower who is: Self Employed Individuals, Independent Contractors, or Sole Proprietors who have no employees at the time of the PPP Loan application (no employee salaries included) OR A Borrower who did not reduce the annual salary or […]
On June 16, 2020, the SBA released an updated instruction guide and application form for PPP Loan Forgiveness. These updates mirror the changes made by the PPP Flexibility Act, signed into law on June 5th. On Monday, June 22, they also released a additional revisions to the PPP Loan Forgiveness (which already reflect most of […]
Forgiveness for the Paycheck Protection Program Loan (PPP Loan) now has an application with detailed instructions. The SBA and the Department of the Treasury have come together to release a form with detailed instructions and an application for forgiveness. Please note that the application and instructions will be subject to further regulation and guidance. Please […]
Am I eligible? IF you employ 500 of fewer employees and are You are eligible. Certain businesses with more than 500 employees can still qualify, depending on the industry. What about loan forgiveness? The Treasury states “that loans are fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely […]
Please find the following article (in English and Italian) provided by Hanz Chiapetta, a partner in the law firm of Lawtelier: If you are a US based business who has had to suspend, or reduce, operations as the result of the Coronavirus pandemic, financial aid is on the way to help you keep your employees […]
Vi preghiamo di leggere questo aggiornamento riguardante il provvedimento CARES Act e Paycheck Protection Program che ha scritto l’avvocato Andrea Fiocchi, Partner di Reinhardt LLP : 3 Aprile 2020 (3a Parte) Abbiamo i seguenti aggiornamenti per coloro che stanno avendo difficoltà a depositare la domanda di PPP con la propria banca: BNB Bank Abbiamo parlato […]