July 2, 2020
The U.S. House of Representatives unanimously passed a five-week extension of the Paycheck Protection Program (“PPP”) on Wednesday, July 1. The House action follows the Senate’s approval of a five-week extension on Tuesday night. The bill will now be sent to President Trump who is expected to sign it into law.
The application period for the PPP loan program was set to expire on June 30, 2020. The bill extends the application period until August 8, 2020. The extension provides more time for small businesses to apply for the remaining $129 billion of authorized PPP funding.
Some of the key provisions contained in the new guidance include:
The bill is not yet law but is expected to be signed into law by the President.
We will continue to monitor the legislation as it makes its way through Congress and provide updates as the final bill is signed into law. If you would like more information on the Paycheck Protection Loan or the loan forgiveness programs, please contact us.
It’s back-to-school season, and that typically means buying a lot of stuff to prepare kids for the start of a new academic year. While 2020 may look a bit differently (some schools may enact online learning and/or hybrid models), kids will still need a few essentials—from backpacks to electronics. Here are a few tips to keep your back-to-school shopping within your budget.
Osceola County as well as the cities of Kissimmee and St. Cloud have all recently launched grant programs for Osceola-based businesses and nonprofits. Take a look at the information below to find a grant that works for your business or organization:
For many businesses, COVID-19 forced them into a remote office model. Months into the pandemic and having had a successful experience, a lot of business owners have decided to maintain virtual workspaces. For those adopting this new normal, upping security must be a priority to keep data safe.