COVID-19 Business Resources

Small Business Administration Offers Reduced Interest Rates For Its 504 Loan Program

Small Business Administration Offers Reduced Interest Rates For Its 504 Loan Program 400 400 SAX LLP - Advisory, Audit and Accounting

As small businesses continue to seek credit and financing opportunities to stem the tide of the COVID-19 pandemic, the Small Business Administration (SBA) has taken further action to boost the…

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Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance

Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance 400 400 SAX LLP - Advisory, Audit and Accounting

On August 8, 2020, President Trump signed four executive orders to provide economic assistance as the self-imposed deadline for Congress to reach a coronavirus relief package passed.  These four executive…

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SMALL BUSINESS ADMINISTRATION ISSUES FREQUENTLY ASKED QUESTIONS ON PPP LOAN FORGIVENESS

SMALL BUSINESS ADMINISTRATION ISSUES FREQUENTLY ASKED QUESTIONS ON PPP LOAN FORGIVENESS 600 600 SAX LLP - Advisory, Audit and Accounting

In a much-anticipated move, the Small Business Administration (SBA), in conjunction with the U.S. Department of Treasury, issued the latest round of frequently asked questions (FAQs) on August 4, 2020. …

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The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020

The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020 400 400 SAX LLP - Advisory, Audit and Accounting

The Federal Reserve has announced an extension through December 31 of its lending facilities that were initially scheduled to expire on or around September 30.  The lending facilities are geared…

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Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package

Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package 400 400 SAX LLP - Advisory, Audit and Accounting

Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on Monday, July 27, 2020.  Dubbed the “HEALS Act”, this $1 trillion GOP economic and stimulus…

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Dentists Have Until July 24 to Apply for the Provider Relief Fund

Dentists Have Until July 24 to Apply for the Provider Relief Fund 400 400 SAX LLP - Advisory, Audit and Accounting

The U.S. Department of Health and Human Services (HHS) recently announced it will now allow dentists and other dental providers to apply for relief from the Public Health and Social…

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Paycheck Protection Program (PPP) Gets a 5-week Application Extension

Paycheck Protection Program (PPP) Gets a 5-week Application Extension 600 600 SAX LLP - Advisory, Audit and Accounting

On July 4, 2020, a five-week extension of the Paycheck Protection Program (PPP) was officially passed, extending the application deadline to August 8 (previously set to close on June 30). …

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PPP Loan Forgiveness Update: SBA Issues New Interim Final Rule to Provide Additional Guidance Surrounding Loan Forgiveness

PPP Loan Forgiveness Update: SBA Issues New Interim Final Rule to Provide Additional Guidance Surrounding Loan Forgiveness 400 400 SAX LLP - Advisory, Audit and Accounting

On June 22, 2020, the Small Business Administration (SBA) issued its latest Interim Final Rule, providing borrowers and lenders with additional guidance surrounding the Paycheck Protection Program (PPP) loan forgiveness…

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Main Street Lending Program is Now Live

Main Street Lending Program is Now Live 400 400 SAX LLP - Advisory, Audit and Accounting

On Monday, June 15, the Federal Reserve officially launched the Main Street Lending Program, a series of loan facilities aimed at supporting small to medium sized businesses combating the coronavirus…

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PPP Loan Forgiveness Update: Passage of PPP Flexibility Act Provides Borrower Options

PPP Loan Forgiveness Update: Passage of PPP Flexibility Act Provides Borrower Options 400 400 SAX LLP - Advisory, Audit and Accounting

The swift passage of the Paycheck Protection Program Flexibility Act (PPP Flexibility Act) of 2020 has brought welcome relief to borrowers who may be nearing the end of the 8-week…

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