NEWS
Pennsylvania Department of Community and Economic Development (DCED) Establishes “COVID-19 PA Hazard Pay Grant Program”
The Pennsylvania Department of Community and Economic Development (DCED) has established the “COVID-19 PA Hazard Pay Grant Program” which has been designed to assist employers in paying additional hazard pay to life-sustaining business “front-line workers” during the...
Facing Our Challenges Together
Dear Clients and Friends, Our lives begin to end the day we become silent about things that matter.* The tragic and senseless death of George Floyd has served as a flashpoint across the nation and brought to the forefront the racism, violence and fear members of our...
Paycheck Protection Program (PPP) Extended
The Paycheck Protection Program resumed accepting applications after passage of the Paycheck Protection Program Extension Act. This new Act re-opened the application window for new loans until August 8. You may recall the previous deadline to apply was June 30. The...
COVID-19 Relief Pennsylvania Statewide Small Business Assistance
Governor Wolf recently announced a relief package for Pennsylvania small businesses. The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging between $5,000 and $50,000 to small businesses that have been economically...
U.S. Treasury Releases NEW Paycheck Protection Program (PPP) Loan Forgiveness Applications
Earlier this week, the Treasury Department released a new Paycheck Protection Program (PPP) Loan Forgiveness Application. You can access the application here and the related filing instructions here. The revision was necessary to take into account the changes made to...
Update on Paycheck Protection Program (PPP) Loan Forgiveness and Main Street Lending Program
Loan Forgiveness Relief Last week we told you about the recently-passed Paycheck Protection Program Flexibility Act. One of the favorable provisions in this law was reducing the requirement that 75% of a borrower’s loan proceeds be used on payroll costs. The new limit...
Congress Passes Paycheck Protection Program Flexibility Act
We hope you are continuing to stay safe and healthy as Southeastern Pennsylvania plans to move into the “Yellow” phase of reopening. We’re pleased to report that good news for business owners arrived late last evening when the Senate passed the Paycheck Protection...
Guidance for Completing the SBA Paycheck Protection Program (PPP) Loan Forgiveness Application
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…
SBA Issues Paycheck Protection Program (PPP) Loan Forgiveness Application
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
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 here. Applicants must be…
