SBA, Treasury release Paycheck Protection Program loan forgiveness app

Syracuse Bicycle

The Association on Wednesday, May 20, sent letters to Reps. Borrowers have the option to calculate payroll costs using an "alternative payroll covered period" that aligns with their regular payroll cycles and the flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan.

"Since the establishment of the Paycheck Protection Program, our primary goal has been to lead the way in providing clear guidance and accessible resources to business owners throughout the markets we serve", said Mark Niethammer, CapStar's Director of Government Guaranteed Lending.

If they're not at their previous capacity, then the percent of money they'd receive back from the loan decreases. The rest of the money can be used for rent, utilities and mortgage interest payments. They explained that restaurants in many states have not yet been given a go-ahead to reopen dining rooms, so operators have little need to buy supplies or rehire a staff as soon as they qualify for a loan.

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The combination of several climate factors is driving the strong likelihood for above-normal activity in the Atlantic this year. We're in what's called an ENSO-neutral phase, which means neither El Nino or its counterpart, La Nina, is present.

The House has already voted to extend the eight weeks to 24 weeks, part of a $3 trillion coronavirus relief bill lawmakers passed Friday that was roundly denounced by Senate Republicans. As of May 21, it had five co-sponsors.

The Nebraska Farm Bureau is urging the Small Business Administration (SBA) to modify the agency's Paycheck Protection Program (PPP) to allow more farm and ranch businesses experiencing COVID-19 financial pressures to utilize loan assistance offered through the program.

Today, we meet employees from a small MA bank that's made some big changes to get these emergency funds to businesses who desperately need it. "At the same time, trucking operations face unique challenges that now aren't addressed by the program, and we, therefore, request that you consider targeted improvements to this legislation to ensure that small-business truckers are able to survive this crisis".

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