We previously informed you of the Paycheck Protection Program SBA loan and how to request a loan.  Hopefully, you have your PPP loan applications either submitted, approved or even better, have your loan funded already.  Just so you are aware, once the loan is approved by the SBA, the bank must fund the loan within… Read More »

Wouldn’t you know it, the SBA changed the Paycheck Protection Program loan application.  So the bad news is the applications that were circulated and being used thus far are no longer valid.  The good news is the new application is very similar to the old one, simple to complete and is still only two pages long. … Read More »

In order to qualify for the Paycheck Protection Program (PPP) SBA loan, you will need to fill out the application.  In addition, you must provide documentation to support your calculation of average monthly payroll to calculate the maximum allowed loan and “prove” to the bank that you were in business as of January 1, 2020. … Read More »

Here is the newly released loan application and supporting information from the Department of Treasury for the Paycheck Protection Program SBA 7a loan. See the links below. Paycheck Protection Program Application Form  Small Business Paycheck Protection Program Paycheck Protection Program (PPP) Information Sheet: Borrowers Paycheck Protection Program (PPP) Information Sheet: Lenders As always, call or… Read More »

We sent an email about the Paycheck Protection SBA 7(a) loan program on 3/28/2020.  President Trump has requested this loan program be up and running by the end of this week.  If you are interested in this loan, you need to contact your local lender to start the loan process.  However, businesses with limited payroll… Read More »

We apologize for the numerous emails recently. We don’t want to flood your email inbox. However, there are many critical pieces to the laws recently passed that affect us all. Thus, we feel obliged to pass this info to you in a timely manner so that you can make the critical decisions, which affect both… Read More »

Congress passed and President Trump signed a $2 trillion stimulus package known as the Coronavirus Aid, Relief and Economic Security Act or CARES for short. There are numerous provisions in CARES but one of the most intriguing is a new SBA loan known as the Paycheck Protection Program. The purpose of this loan program is to provide… Read More »

Under the Families First Coronavirus Response Act, effective April 1, 2020, through December 31, 2020, employers with less than 500 employees are required to pay both sick and family leave to employees who can’t work because of Covid-19. If you own a business and have employees, this can and probably will affect you. Sick Leave Employers must provide… Read More »

Treasury Secretary Steven Mnuchin announced yesterday that the 2019 tax payment deadline of April 15, 2020, will be delayed for 90 days. What does this mean exactly? Individuals and businesses have always been able to request a six-month extension of TIME to file their tax returns. However, if tax is owed, that tax must still… Read More »

All of us are aware of the widespread media coverage concerning COVID-19 of late. Unfortunately, there is a lot of uncertainty surrounding the virus and even though the virus isn’t widespread in Wyoming, it is starting to have an effect here with the closing of schools and other facilities and the cancellation or postponement of events.… Read More »