There are happy anniversaries and not-so-happy anniversaries. The first week of April marks the two-year anniversary of the Paycheck Protection Program (PPP) administered through the Small Business Administration (SBA). Although…
Tag: PPP
PPP loans do not need to be reported as taxable income on tax returns
At the beginning of the COVID-19 pandemic, the U.S. government rolled out a loan relief program to help small businesses impacted by the crisis. Businesses have been able to use…
US House Passes 7 Small Business Bills – 2 for PPP and EIDL Loan Fraud
The House has passed seven bipartisan small business bills aimed at improving the operation and oversight of key Small Business Administration (SBA) programs. 7 Small Business Bills Pass US House…
There’s Still Time to Apply for PPP Loan Forgiveness for Many Recipients
As of April 24, 2022, 96% of 2020 PPP loans and 81% of the 2021 PPP loans have been fully or partially forgiven. That’s according to the latest SBA Forgiveness…
For many Minnesota businesses, PPP loans were saving grace
After years of brewing his own beer at home, Don Anderson, with the support of a childhood friend and his wife and daughter, took a leap of faith in 2019…
House Small Business Committee Advances PPP and EIDL Loan Fraud Bills
Two of the 7 bills advanced by the House’s Small Business Committee deal address fraud in the Paycheck Protection and Economic Impact Disaster Loan programs. Both bills would establish a…