As the economy gradually opens up with thousands of PEO clients obtaining PPP and Disaster Relief funding we have researched how Payroll Funding can best help our clients for this “next phase” of their recovery. We have spoken with many clients for insight and believe we have developed a new funding approach that may fit […]
Update from Corporate Solutions We are very happy to report that the language we have been seeking, to clarify that lenders do not need 941s or other tax documents from a PEO client in order to qualify for a Payroll Protection Program (PPP) loan, has been added to the Treasury website late last evening, April […]
Update from Corporate Solutions So that everyone is on the same page, we totally understand that the Payroll Protection Program (PPP) loan guidelines and application are processes mostly foreign to bankers, credit unions, and other financial institutions. Add to this that the guidelines, forms and procedures are literally changing on a daily basis and it’s […]
We are aware that some lenders are requiring 941s for Payroll Protection Program (PPP) loan applications, even though the Interim Final Rules (IFR) issued by the Small Business Administration (SBA) do not require tax documents, including Forms 941, to verify payroll amounts for PPP loan purposes. Our industry lobby organization with the assistance of the […]
Here at Corporate Solutions our priority is to advise our clients and provide 100% reliable information. Corporate Solutions has talked to these banks, and they are willing to work with you by providing you with the best possible service that is available when it comes to your Small Business Loans (PPP) needs. These banks are […]
Update from Corporate Solutions Here at Corporate Solutions our goals is to provide concrete, reliable, and precise advice. Here is the latest information regarding the Small Business Loan Paycheck Protection Program. The paycheck protection program provides small business with funds to pay up to 8 weeks of payroll cost including benefits. Funds can also be […]
Update from Corporate Solutions CARES ACT: Paycheck Protection Program (part of the H.R. 748) ** The ACT has passed the Senate the House as of today Friday (3/27). The President will need to sign, then the Banks will need to receive implementation guidance from the SBA before the program is available to clients/employers. ** Key […]
Covid-19 Legislation March 25, 2020 Update from Corporate Solutions Dear Client: As I am sure you know, Congress recently passed legislation in response to COVID-19 that may impact your company and your employees. While more legislation is in the works, we wanted to give you a quick summary of the key provisions and changes […]
