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PPP Deadline Extended To May 31st

PPP Deadline Extended To May 31st President Biden Signs PPP Extention Act Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications. Administrator Isabella Casillas Guzman,…

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Are You Prepared for a PPP Loan Audit?

Are You Prepared for a PPP Loan Audit? Are You Prepared for a PPP Loan Audit? Keeping records related to the PPP funding is two-pronged.  First, the organization had to submit the application and supporting records for the PPP application.  Second, records must be maintained to prove how those accepted funds were spent to sustain…

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New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees

New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees. The move is…

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SBAC PPP Townhall

SBAC PPP Townhall Wondering what the new PPP stimulus entails and if you can apply? Does it include 501c6s? How is EIDL factored into the PPP this round? This SBAC Townhall answers these questions and more. Click on the youtube timestamp in the description below for a direct link to the answer to the question.…

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SBA Press Release: PPP

SBA Press Release: PPP The Small Business Association and Treasury have provided important information about the next round of PPP loans.  READ THE PRESS RELEASE HERE   More information from the SBA about the second round of PPP is here. READ MORE ABOUT PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANS HERE The SBAC will continue to…

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PPP Funding Webinar for Businesses and Nonprofits

PPP Funding Webinar for Businesses and Nonprofits PPP Funding Webinar for Businesses and Nonprofits SBAC President Elliot Richardson looks forward to participating in a webinar with Congressman Brad Schneider focused on PPP and EIDL funding opportunities for small businesses and nonprofits. Elliot will speak about opportunities and initiatives that can help the small business community…

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PPP Funding for Businesses and Non-Profits Webinar

PPP Funding for Businesses and Non-Profits Webinar WATCH: Congressman Brad Schneider from Illinois’ 10th district, Bo Steiner from the Small Business Administration, and Elliot Richardson President of the SBAC spend one hour answering questions about the second round of PPP relief. The SBAC is grateful to have had the chance to participate in this webinar…

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2020 to 2021 The Changing Landscape for Employment, Insurance and Lending

2020 to 2021 The Changing Landscape for Employment, Insurance and Lending 1:02:23 – How will raising mental health issues, and substance abuse issues impact employers in an accommodation perspective? While mental health issues in the workplace have been a concern for some time, this past year, COVID-19 has shown the challenges employees are facing have…

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Urge Politicians to Make PPP Loans Deductible

Urge Politicians to Make PPP Loans Deductible ACTION CALL: Urge Politicians to Make PPP Loans Deductible to Support Small Businesses The Paycheck Protection Program Flexibility Act of 2020, or PPP, was passed in order to provide small businesses across the United States crucial relief during widespread government shutdowns due to the COVID-19 pandemic. These loans…

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