RubinBrown continues to carefully monitor both the SBA and congressional activity round PPP. We plan to carry a webinar within the coming weeks recapping the PPP forgiveness process as soon as Congress settles on any further PPP laws. Borrowers ought to remember they have until 10 months after the tip of the loan’s coated interval to submit their PPP loan forgiveness application.
For a business to qualify for EIDL assistance, it has to fulfill either the North American Industry Classification System gross receipts or the worker numbers commonplace utilized by the SBA. Terms are determined on a case-by-case basis upon the borrower’s compensation capacity. In addition to the foregoing, the SBA may apply a totality of the circumstances check to find out whether an affiliation exists. The SBA determines whether or not an entity qualifies as a small business concern by counting its receipts and workers or by assessing different … Read More