The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if they can’t prove they were eligible for a loan. Public backlash has been building as it was revealed that public...
Some small businesses that received forgivable loans under the Paycheck Protection Program (PPP) say they won’t be able to rehire every employee laid off during the coronavirus pandemic. “There’s no way that I’m getting to 100% employment by the end of 8 weeks,” Joe Walsh,...
April 29, 2020
Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury Secretary Steven Mnuchin said. “One of the things that will be required is you will have to show a payroll report that you actually spent the money on payroll and […]
April 24, 2020
The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if they can’t prove they were...
April 23, 2020
Some small businesses that received forgivable loans under the Paycheck Protection Program (PPP) say they won’t be able to rehire every employee laid off during the coronavirus pandemic. “There’s no...
