Payroll Protection Program (PPP) loans update
The Small Business Administration (SBA) has reported that they have processed approximately half of the forgiveness applications that they have received. It is important to point out to small businesses that applications for forgiveness of your PPP loans are due very soon, for many prior to the end of July. Remember, if you meet certain […]
Where Loans for Small Businesses Are Going
An interesting article by the Wall Street Journal detailing who is getting the Small Business Loans, what industries, and how much they are getting. Authors – Anthony DeBarros and Yuka Hayashi April 15, 2020 Most of the federally guaranteed small business loans approved so far are for less than $350,000, with the construction industry the biggest beneficiary, according […]
More money for Texas small businesses!
Texas Governor Greg Abbott announced Monday that $50 Million of private, forgivable loans will be made to Texas small businesses that have been adversely impacted by the Coronavirus. These new loans will be issued primarily to avert Texas workers from being laid off or terminated. This new initiative is being offered through the SBA and […]