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Guidance for Completing the SBA Paycheck Protection Program (PPP) Loan Forgiveness Application

by DunlapSLK | May 28, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized

As we communicated earlier, the SBA recently released its PPP loan forgiveness application, which you can access here. This 11-page document includes filing instructions that answer many but not all the questions borrowers have on the calculation of forgiveness....

SBA Issues Paycheck Protection Program (PPP) Loan Forgiveness Application

by DunlapSLK | May 21, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized

Over the past weekend the U.S. Treasury along with SBA issued the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application which can be found here. This application is subject to change and many unanswered questions remain. We anticipate additional...

Bucks County Back To Work Small Business Grant

by DunlapSLK | May 21, 2020 | COVID-19 Industry & Company Update, Resources For Employers

The Bucks County Board of Commissioners has allocated $6 million to establish the Bucks Back to Work Small Business Grant program which will provide grants up to $25,000 or 25% of annual operating expenses (whichever is lower). The program fact sheet can be found...

SBA Allows Increased Paycheck Protection Program (PPP) Loans to Partnerships and Seasonal Employers

by DunlapSLK | May 14, 2020 | COVID-19 Legislative Update, Resources For Employers

On April 14, 2020, after many borrowers had already submitted their PPP loan applications, the SBA issued guidance for individuals with self-employment income. This rule prohibited partners in a partnership from submitting a loan application for themselves. Instead,...

Paycheck Protection Program (PPP) Loan Eligibility Update: SBA Guidance on Good Faith Certification

by DunlapSLK | May 13, 2020 | COVID-19 Legislative Update, Resources For Employers

We recently alerted you to the SBA guidance which tightened eligibility rules on who qualifies for a PPP loan. You may recall that under the CARES Act, a borrower needed to certify that “current economic uncertainty makes this loan request necessary to support the...
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