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SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers

SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers

Mar 3, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (“SBA”) has issued a new Interim Final Rule that allows certain borrowers to calculate their maximum loan amounts using gross income. The SBA has also updated its forms for borrowers and lenders to account for this change. Previous...
SBA Procedural Notice Addressing Second Draw PPP Loans

SBA Procedural Notice Addressing Second Draw PPP Loans

Jan 29, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (SBA) has encountered multiple questions pursuant to the Paycheck Protection Program (PPP). As a result, SBA issued additional guidance to assist borrowers who incurred issues while applying for Second Draw PPP Loans. The information...
SBA Phases in PPP Reboot

SBA Phases in PPP Reboot

Jan 14, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will fully re-open to all lenders and eligible borrowers on Monday, January 18th.  In order to assist smaller borrowers who may have difficulties accessing the financial...
Grants Available for Shuttered Venue Operators

Grants Available for Shuttered Venue Operators

Jan 7, 2021 | Firm Overview Articles, Business & Corporate Law News, Nonprofit & Charitable Organizations Law News

Title III of Division N of the Consolidated Appropriations Act, 2021 appropriates $15 billion in grants for “Shuttered Venue Operators.” The Small Business Administration (SBA) is tasked with providing grants (Hard Hit Grants) under the Economic Aid to Hard-Hit Small...
New Paycheck Protection Program Loans Available Soon

New Paycheck Protection Program Loans Available Soon

Dec 31, 2020 | Firm Overview Articles, Business & Corporate Law News

On Sunday, December 27, 2020, the president signed into law another major COVID-19 relief bill within the omnibus federal spending legislation called the Consolidated Appropriations Act, 2021. We have summarized the stimulus portion of the bill here: December 2020...
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The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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