Denver to Reopen with Restrictions Starting Saturday

Denver Releases Requirements for Businesses to Reopen Starting Saturday  Denver Mayor Michael Hancock announced that businesses can reopen Saturday, but with some detailed requirements to continue social distancing and slow the spread of COVID-19. The rules are in addition to requiring people to wear facemasks in public, an order that went into effect yesterday. The following … Read Post

Latest News on PPP Loans

SBA Taking PPP Loan Apps Only from Small Lenders This Evening  To ensure access to the Paycheck Protection Program (PPP) for the smallest lenders and their small business customers, the U.S. Small Business Administration (SBA) announced it will accept loans only from lending institutions with asset sizes less than $1 billion from 2 p.m. through … Read Post

SBA to Resume Accepting PPP Loans Monday

SBA to Resume Accepting PPP Loans Monday  The U.S. Small Business Administration (SBA) will again begin accepting applications for the Paycheck Protection Program (PPP) on Monday at 8:30 a.m. President Trump signed a bill Friday that provides $484 billion in more funding to respond to the COVID-19 pandemic, including $320 billion more for forgivable loans and $60 billion for Economic … Read Post

Congress, White House Reach Deal for More Small Business Relief

Congress and White House Reach Deal for Additional Small Business Relief  Congress and the Trump administration have come to an agreement on a $484 billion deal that includes $321 billion for the Paycheck Protection Program, $60 billion for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing. The Senate passed the … Read Post

Latest News on PPP and EIDL Applications

SBA No Longer Taking PPP and EIDL Applications  The U.S. Small Business Administration (SBA) has run out of appropriated funding for both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. “SBA is unable to accept new applications at this time for the PPP or the EIDL COVID-19-related assistance program (including EIDL Advances) based on available appropriations funding,” … Read Post

PPP Loans Open Today to Self-Employed Individuals and Independent Contractors

PPP Loans Open Today to Self-Employed Individuals and Independent Contractors  Independent contractors and individuals who are self-employed can begin applying for the Paycheck Protection Program (PPP) today. Small businesses and sole proprietors began applying a week ago. PPP provides potentially forgivable loans in amounts to cover 2.5 months of payroll or $10 million (whichever is less). To apply, … Read Post