The Act overrides that guidance, and the IRS officially retracted the prior guidance in Revenue Ruling 2021-2 released on Jan. 8, 2021. Under the Act, both first and second round PPP borrowers who ...

The latest round of the Paycheck Protection Program expands covered expenses to include equipment for government-mandated sanitation and social distancing, property damage due to any public ...

The SBA opened Round 2 of the program earlier this week ... “A second round of PPP could not have come at a better time, and the SBA is making every effort to ensure small businesses have ...

On January 6, 2021, the Small Business Administration (SBA) issued new guidance on which businesses are eligible and how to apply for the new round of Paycheck Protection Program (PPP) funds ...

The Paycheck Protection Program (PPP) had a second chance for a smooth rollout on Monday. Instead, the first day of applications for the small-business loan program’s new $320 billion round of ...

This article aims to help nonprofits understand (i) whether they are eligible for the new round of PPP funding, (ii) the new and expanded list of expenses that can be paid with PPP funds ...

About $190 billion worth of PPP funding would be made available ... WHAT’S INSIDE THE NEXT STIMULUS PROPOSAL In this round, the maximum loan size would equal 2.5 times the average total monthly ...

“I know one bank that got roughly 5,000 applications and was able to get 2,000 approved, so it already has 3,000 PPP applications in hand and ready to go when and if there’s additional ...

As the federal government gets ready to approve a new round of low-interest stimulus ... that plagued the Payroll Protection Program (PPP) and deprived many small businesses from getting their ...

Third-round PPP funding was offered to help employees and ... The second type was second-draw loans of up to $2 million for entities that had received PPP loans. Small lenders with less than ...

More than half of the PPP’s $310 billion is already gone ... As a result, so far in this new round $175 billion in loans have been given out nationally to 2.2 million businesses – far more than the ...