The SBA has finally released the detailed PPP Loan Forgiveness Application. You can find the SBA Application here. Below are some clarifications and highlights. Some of the key items clarified include: The creation of a new Alternate Covered Period allowing employers to align their 8 Week Period with the beginning of the next Pay Period following … Continued
SBA Clarifies Today that Employers with Less Than 2 Million Will be Deemed to have Made a Good Faith Certification for the Necessity of the Loan. The SBA updated its FAQs today adding a new safe harbor for small businesses that received a PPP Loan with proceeds that are less than $2 Million. FAQ 42 … Continued
Whether you’re operating an essential business where employees are still showing up for work or managing a remote staff, the fact is there a very real possibility that an employee tests positive for COVID-19. In either case, it is important that your organization react quickly, appropriately, and always remain in compliance of local, state, and federal laws.