Affiliation exemptions are loose, meaning that a church connected to the larger ministry could still qualify as a small business if it counts its employees as under 500. And, as is the case with all the SBA loans under the CARES Act, all that is required is a “good-faith certification”Read More →
Small Business Administration: PPP loan borrowers under $150K get forgiveness through new portal. The Small Business Administration has created an online portal that allows for direct loan forgiveness for borrowers of up to $150,000. Has PPP forgiveness started? The new forgiveness platform will begin accepting applications from borrowers on AugustRead More →
You can search data at FederalPay.org to learn which companies received PPP loans. You can narrow your search by industry, location, or company name. Why is the PPP loan public information? Some organizations are analyzing the data to identify outliers and investigate potential fraud. Others are using the data forRead More →
To qualify, your business must have been in operation since at least February 15, 2020. You also have to fit into one of the following groups: A small business or nonprofit organization with 500 or fewer employees. Which Cdfi are still accepting PPP applications? Hope Credit Union, a CDFI, isRead More →
Dreamville Records, Rostrum, and other record labels received smaller PPP loans. On Monday, the Small Business Association shared a list of businesses that received loans as part of the first round of the Paycheck Protection Program. … The loan helped West save the jobs of 106 employees. Is everyone eligibleRead More →
The PPP Extension Act of 2021, which became law on March 30, extends the PPP application deadline to May 31, 2021. … The SBA will continue to accept applications for loans submitted by community financial institutions until this set-aside is exhausted or May 31, 2021, whichever is earlier. Was theRead More →
The loans are designed to be forgiven, but it’s not automatic. Recipients can keep the money if they demonstrate that they used it for certain purposes and largely refrained from cutting jobs and pay. Can I still apply for PPP with Womply? The Paycheck Protection Program (PPP) is no longerRead More →
The authentication phase of a PPP session is optional. If used, you can authenticate the peer after the LCP establishes the link and choose the authentication protocol. If it is used, authentication takes place before the Network layer protocol configuration phase begins. What function does NCP perform in the establishmentRead More →