April 1 2020
Coronavirus Update 4/1/20
EMERGENCY UPDATE — Wednesday, April 1 — To our clients: With each passing day, more details are released regarding the two programs being offered by the Small Business Administration (SBA) to provide financial assistance to small businesses. Yesterday’s Coronavirus Update (March 31, 2020) provided an overview of these programs, as well as links to the […]
March 31 2020
Coronavirus Update 3/31/20
EMERGENCY UPDATE — Tuesday, March 31 — To our clients: As some of you are already aware, as part of the CARES Act signed into law on Friday, March 27, 2020, the Small Business Administration (SBA) is offering two programs to provide financial assistance to small businesses. The first program is a disaster assistance loan, […]
March 31 2020
SBA Loans — Link to Official Information
EMERGENCY UPDATE — Tuesday, March 31 — Pennsylvania’s disaster declaration has been approved by SBA and businesses are able to apply for an SBA Economic Injury Disaster Loan (EIDL) online at https://disasterloan.sba.gov/ela.
EMERGENCY UPDATE — Tuesday, March 31 — From the introduction to the guide: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven […]
March 27 2020
Coronavirus Update 3/27/20
EMERGENCY UPDATE — Friday, March 27 — To our clients: The Coronavirus Aid, Relief, and Economic Security Act (CARES) was passed by the Senate yesterday and was just passed by the House. It will now go to the President who is expected to sign the bill. In addition to numerous tax incentives, a significant benefit […]