sba

SBA Government Assistance Programs For Your Small Business

A Practical Guide to Current Government Assistance Programs SCORE Pittsburgh in conjunction with Wilke & Associates, CPAs and Business Advisors presents a comprehensive presentation to summarize the programs available to small business owners and how to qualify for the benefits of these programs.  Jason Hummieny will provide details on: EIDL Updates for the Economic Injury Disaster Loan ERTC Employee Retention [...]

2021-05-27T11:41:40-04:00June 15th, 2021||

SBA Introduces One Page For PPP Forgiveness

Over 4.5 million small business owners, 85% of round 1 PPP loans, are currently eligible for PPP loan forgiveness. The 1-page PPP loan forgiveness application lifts the burden of cumbersome paperwork from borrowers with first or second draw loan amounts of $150,000 or less.  Form 3508S was released on January 19, 2021.  Updated versions of forms 3508 and 3508EZ with [...]

2021-02-11T16:54:45-05:00February 11th, 2021|In the News|

SBA Loan Forgiveness

On December 27, 2020, the Economic Aid Act was enacted, which provides additional months of debt relief payments for certain SBA borrowers. If your loan was approved on or before September 27, 2020, and was funded after September 28, 2020, it is eligible to receive debt relief payments by the SBA for 6 months. These are considered first-round Section 1112 [...]

2021-02-03T13:09:21-05:00February 3rd, 2021|In the News|

Paycheck Protection Program Second Draw Loans  

Consolidated Appropriation Act, 2021 (H.R. 133)- Second Draw Paycheck Protection Program (PPP) and Expanded Employee Retention Tax Credits (ERTC), was signed on December 27, 2020. The Consolidated Act authorizes the U.S. Small Business Administration (SBA) to guarantee Paycheck Protection Program (PPP) Second Draw Loans. The Paycheck Protection Program has $284 billion in available funds for small businesses to apply for [...]

2021-01-25T12:14:22-05:00January 25th, 2021|In the News|

The Paycheck Protection Small Business Forgiveness Act

The Paycheck Protection Small Business Forgiveness Act has been introduced by the Small Business and Entrepreneurship Committee to the Senate. The Paycheck Protection Small Business Forgiveness Act his act would allow small businesses who received a loan of $150,000 or less through the Paycheck Protection Program (PPP) will receive forgiveness. To apply for automatic forgiveness, the business owner submits a [...]

2020-08-03T16:14:45-04:00July 22nd, 2020|In the News|

Debt Relief – Additional Resources for Small Businesses

The impact of the shutdown has caused economic uncertainty, especially for small businesses.   It is necessary to have a plan in place which will require preparation from the small business owners, themselves. One of the biggest concerns is going to be funding cash flow shortages. Access to capital is critical and could mean the difference in your business thriving or your business shutting [...]

2020-06-15T13:44:12-04:00June 15th, 2020|In the News|

SBA Approved Banks Processing PPP Loans

Please refer to our EVOLVING alphabetical list below of SBA-approved financial institutions that are accepting applications and underwriting for Paycheck Protection Program (PPP) loans. UPDATED:  April 6, 2020 11:30AM 5th 3rd Bank Availability: Accepting applications Notes: Accepting registration for pre-existing clients only Bank of America Availability: Accepting applications Notes: Accepting registration for pre-existing clients only Chase Availability: Not ready Notes: [...]

2020-04-06T15:23:16-04:00April 3rd, 2020|In the News|

Paycheck Protection Program Loans

Paycheck Protection Program (PPP) Loans are here to take the pressure off of businesses to lend a hand in obtaining working capital to meet payroll and other expenses. The SBA administers this streamlined process under 7(a) lending program with $350 billion in new lending available to small businesses! Under the CARES Act, the "covered period" runs from February 15, 2020, [...]

2020-04-04T10:01:51-04:00April 2nd, 2020|In the News|

The CARES Act

The CARES Act  (Coronavirus Aid, Relief, and Economic Security) Act  President Trump signs the largest stimulus bill in history. The Economic Security (CARES) Act was enacted to boost the economy. This legislation is the most massive and most costly piece of legislation ever passed by Congress. INDIVIDUAL TAX RELIEF Recovery Rebates Individual stimulus payments will be available to taxpayers and [...]

2020-04-03T09:54:06-04:00March 27th, 2020|In the News|

SBA Disaster Loans for Business

$50 Billion in SBA loans made available SBA disaster loans are low-interest federal disaster loans. These loans may be made to pay fixed debts, payroll, accounts payable, and other bills that can’t be made due to the Coronavirus impact. Applications can be completed online directly at the SBA website, or via postal mail. More info can be found at: SBA [...]

2020-03-23T19:52:39-04:00March 17th, 2020|In the News|
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