Disaster Loans Extended by SBA until 2022
As the country begins to reopen, businesses find themselves recovering from the losses incurred this past year. After over a year of closures, losses and emergency planning, it will take some time for those businesses to be fully back to normal.
Increase in PPP Loan Amount Allowed to Small Businesses
A new update to the PPP Loan is changing the way we calculate the loan amount received by small businesses. Typically under the PPP Loan, you calculate the amount received based on net income. The new change has us calculating the amount received now based on gross income, ultimately allowing for an increase in the PPP Loan amount allowed to small businesses.