You Now Have An Extra Week to Return Your SBA PPP Loan

If your business accepted government-backed stimulus funds in error, you have until May 14 to make good. May 6, 2020 2 min read There has been no shortage of controversy surrounding the Small Business Administration’s (SBA) Paycheck Protection Program, a cornerstone of the federal government’s CARES Act to restart our economy. From confusion concerning forgiveness to widespread criticism over publicly traded companies hoovering …

$205 Billion of the $350 Billion Appropriated for PPP Loans Has Been Claimed

Many small-business owners have yet to even apply and worry that funds will run out. April 13, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. The American Bankers Association reported on April 12 that $205 billion of the $350 billion appropriated for Paycheck Protection Program (PPP) loans has been claimed. This number presumably represents applications that banks have processed …

How to Submit Your SBA PPP Loan Application and Calculate the Loan Amount

Getting a bank to take your app and tabulating the total should be your biggest concerns. April 6, 2020 9 min read Opinions expressed by Entrepreneur contributors are their own. Many small-business owners are completing their Paycheck Protection Program (PPP) loan applications and are running into common questions and roadblocks. The immediate question right now revolves around two issues: First, how do …

The IRS Will Reportedly Begin Issuing $1,200 Stimulus Payments on April 9

Still, some Americans could wait up to five months to receive their check. April 3, 2020 2 min read This story originally appeared on Business Insider The IRS plans to send out $1,200 coronavirus stimulus payments beginning April 9, The Washington Post reported Friday, citing an agency plan. Some Americans who have not used direct deposit for past tax refunds could wait as long …

8 Ways Business Owners Can Take Advantage of the Federal Stimulus Package

From loans to unemployment and more, opportunities are abundant. Act now. Opinions expressed by Entrepreneur contributors are their own. There is a strategy to maximizing all the benefits of Congress’s recent $2 trillion stimulus package in response to the COVID-19 pandemic. It’s not just applying for the Paycheck Protection Program (PPP) or tapping into your 401k. In fact, there are actually eight key pieces to …