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Treasury/SBA Release Revised and “EZ” PPP Loan Forgiveness Applications

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June 17, 2020 Treasury and the SBA have released this morning two “borrower-friendly” updates to the PPP Loan Forgiveness Application to reflect changes made to the program by the PPP Flexibility Act.  The link for the revised standard version and instructions are below. In additional, a new tree=page “EZ” version has been released for borrowers […]

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SBA Lender Notification

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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 […]

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Update to the PPP Loan Application

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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 […]

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Small Business Paycheck Protection Program

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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 […]

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CARES ACT: Paycheck Protection Program

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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 […]

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