PPP LOAN FORGIVENESS UPDATE

PPP Loan Forgiveness Update

PPP Loan Forgiveness Update- This past weekend the SBA released the much-awaited PPP Loan Forgiveness Application. You can access it here: Just prior to the release of the application we recorded a video explaining, in detail, how the loan forgiveness calculation works and we walk through the Tembo PPP Loan Forgiveness Calculator. Check it out…

PPP Loan Forgiveness

PPP Loan Forgiveness & Taxation The SBA resumes receiving applications for the PPP loan today, following the second round of funding that was approved by Congress last week. At this point, it appears that about 30% of those of you who have applied for the PPP Loan have received funding. I’m hopeful that the other…

CARES Act has Passed!

Good news! Just in the last hour the House passed HR 748 – CARES Act and the President has signed it. The bill, as it pertains to small businesses, remained unchanged from. Here are the final terms: The maximum loan amount from a 4X factor to a 2.5X factor Rent and utility payments are included…