Posts

Three Important Things to Know About the Second Round of Paycheck Protection Program Loan Funding
January 05, 2021

At the end of 2020, the Consolidated Appropriations Act, 2021 was passed to provide additional COVID-19 financial relief to the small business and nonprofit community, including a second round of Paycheck Protection Program (PPP) funding (PPP…

Quick Summary of the Paycheck Protection Program Flexibility Act of 2020
June 08, 2020

The ongoing response of the federal government to the COVID-19 crisis to protect the small business community continues to evolve. Last week the Paycheck Protection Program Flexibility Act of 2020 was signed into law. The Act significantly…

SBA PPP Loan Forgiveness Application Released
May 20, 2020

If you are one of the millions of fortunate small business owners who obtained a PPP loan in this massive $600+ billion program, it is now time to start getting your ducks in a row to apply for loan forgiveness with the recent SBA release of…

CARES Act Relief Extends to Existing Small Business Administration (SBA) Loans
April 13, 2020

Question: I have an existing 7(a) SBA business loan. Am I eligible for any relief? Answer: Yes. Starting no later than 30 days after the date on which the first (next) payment is due, the SBA will pay all principal, interest, and fees on…

Overview of the CARES Act: Titles I and II
March 31, 2020

The President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020. Title I of the CARES Act, the Keeping American Workers Paid and Employed Act, expands both the Small Business Administration's (SBA) Section…

A Few Quick Thoughts on Using Seller Financing to Sell a Small Business
October 15, 2019

Seller financing is a common strategy in small business acquisitions to get deals done that otherwise would not be possible.  Simply put, seller financing is a loan made by the seller of a business to the buyer to cover all, or a portion, of…