Congress passed a $900 billion pandemic relief package Monday that supplies more than $300 billion in relief for small businesses, including a second round of the Paycheck Protection Program (PPP). The package has been sent to the White House, where President Trump is expected to sign it into law. The new round of PPP funding… Continue Reading Important Information about New PPP Funds
Category: News
Important Changes to Paycheck Protection Program
Joint Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza Regarding Enactment of the Paycheck Protection Program Flexibility Act WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement today following the enactment of the Paycheck Protection Program (PPP) Flexibility Act: “We want to… Continue Reading Important Changes to Paycheck Protection Program
Guide to the Main Street Lending Program
As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses. While the program’s start date has yet to be announced, here’s what you need to know to check… Continue Reading Guide to the Main Street Lending Program
Tell Treasury No More Tan Tax in 2020!
The American Suntanning Association is still working hard to get tan tax payments delayed. Now, we're asking for payments to be deferred until next year. ASA President Melinda Norton has delivered a letter to Treasury Secretary Steven Mnuchin, and we need your help to really get his attention. This will take you less than 5 minutes.… Continue Reading Tell Treasury No More Tan Tax in 2020!
Paycheck Protection Program Funds Replenished by New Bill
A bill that will add $310 billion to the Paycheck Protection Program loan fund, as well as additional resources for other emergency loan programs, was passed by the U.S. Senate Tuesday. The bill is expected to clear the U.S. House of Representatives and be approved by President Trump as soon as Thursday. If you did… Continue Reading Paycheck Protection Program Funds Replenished by New Bill