Best Practices: IFR# 27: Information on Second Draw PPP Loans
As the COVID-19 pandemic remains a major obstacle to many small businesses, there is now another round of Paycheck Protection Program loan funding to assist struggling small businesses, including businesses who have already obtained a PPP loan last year. On January 6, 2021, the SBA published interim final rule #27 (“IFR 27”) detailing the procedures ... Read More
Best Practices: New Bill Delivers Another Round of PPP Loans and Payment Relief for Small Businesses
On December 27, 2020, a new relief bill intended to provide economic support to businesses was passed into law. This bill, entitled the Consolidated Appropriations Act 2021, establishes various programs to provide much-needed funding to individuals and businesses as the COVID-19 pandemic continues. Although the corresponding regulations have yet to be released, there are many exciting aspects of ... Read More