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The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). Borrowers and lenders… Continue Reading FAQs About Paycheck Protection Program Loans

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible… Continue Reading Treasury Announces Updated Information – Paycheck Protection Program Assistance For Small Businesses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis… Continue Reading How to File for a U.S. Small Business Administration Emergency Loan

The ASA organized a webinar presented by the Small Business Administration (SBA) on Thursday. The presentation, attended by more than 300 salon owners, discussed how the current SBA disaster assistance programs can help salon owners. The presentation also discussed the programs due to be passed by Congress and signed by the President as early as… Continue Reading On Your Side: A Talk With The U.S. Small Business Administration Hosted By The ASA