Covid Email Updates

PPP Forgiveness Update

Over the past several weeks, we have been recommending to clients who received a PPP loan to sit tight on filing their PPP forgiveness application. This advice stems from the expectation that the SBA will release their next round of FAQs, which should provide answers to several outstanding questions, as well as example calculations for…

Revised PPP Forgiveness Application & NEW EZ Forgiveness Application

The Department of the Treasury and Small Business Administration have released a revised version of the PPP Forgiveness Application (Form 3508), as well as, an EZ version of the PPP Forgiveness Application (Form 3508EZ).

We have included both the form and accompanying instructions for each these applications for your consideration.  Our team is currently reviewing…

Paycheck Protection Flexibility Act

Late last night (June 3rd), the Senate passed the Paycheck Protection Flexibility Act that the House of Representatives passed the week prior, without modification.  As such, the following changes will be available to PPP borrowers following Presidential signature:

  • For those borrowers who already hold a PPP loan, you can choose to extend the 8-week…

Local Forgivable Loans and PPP Update

This past Friday, May 8th, Hamilton County Commissioner Denise Driehaus announced a new program within Hamilton County, Ohio to aid small businesses impacted by COVID-19 that were unable to obtain funding from the federal government.  The county received an allocation of $142 million from the CARES Act, $5 million of which has been set aside…