U.S. News & World Report4y
PPP Loan Deadline Extended With $130 Billion Unclaimed
With some states reversing course on reopening as coronavirus infections surge, firms that passed on a PPP loan may want to give one a second look. The program has seen many changes since its ...
Business Insider3y
The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill
The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...
Kiplinger4y
IRS Leaves Business Owners Who Took PPP in a Tax Quandary
Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...
Business Insider3y
Businesses can get PPP through PayPal, Kabbage, Bluevine, or Quickbooks — and they might be faster than your bank
The Small Business Administration approved more than $718 billion in Paycheck Protection Program loans, providing pandemic relief to millions of businesses throughout the US, according to a March ...
AgWeb4y
Do You Get to Deduct PPP Loan Interest You Did Not Pay
When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...
Kiplinger4y
PPP Loan Forgiveness Applications are Now Easier
Under the PPP, small businesses could borrow up $10 million from private lenders without collateral, personal guarantees, or fees. These loans don't have to be repaid to the extent they're used to ...