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13 04, 2021

Forgiveness Information for PPP Loans

2021-04-14T10:08:31-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Forgiveness conditions of the Paycheck Protection Program The funds from your PPP loan can be used for the following purposes: Payroll—salary, wage, vacation, parental, family, medical, or sick leave, health benefits Mortgage interest—as long as the mortgage was signed before February 15, 2020 Rent—as long as the lease agreement was in effect before February 15, [...]

13 04, 2021

Am I eligible for the new round of PPP?

2021-04-13T15:36:24-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Am I eligible for the new round of PPP? Companies with 300 or fewer employees who suffered a 25% drop in any quarter’s revenue from 2019 to 2020 are eligible for the second round of PPP. This means a 25% or more reduction in gross income from any quarter in 2020 relative to that same [...]

13 04, 2021

Pandemic Assistance for your Small Business

2021-04-13T15:13:19-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Need pandemic assistance for your small business? Here's a rundown of several economic relief programs that are available. Despite the improved numbers for new cases and deaths compared to the peak of the pandemic, COVID-19 continues to have an outsized impact on small businesses. The passage and signing of the American Rescue Plan Act in [...]

5 03, 2021

PPP Loan Applications Online

2021-05-12T12:51:30-05:00March 5th, 2021|COVID-19, Green Country News, Small Business|0 Comments

No Longer Accepting PPP Applications UPDATE May 5, 2021 | Green Country FCU is no longer accepting PPP applications as the SBA-backed program has run out of funds. Any applications approved but not yet funded will still be processed. This does not affect PPP loans funded.   Here’s a rundown of several economic relief programs [...]

28 02, 2021

Self-Employed Apply for a PPP Loan Now!

2021-02-28T23:38:30-06:00February 28th, 2021|COVID-19, Small Business|0 Comments

Self-employed and gig workers could get bigger loans under new PPP rules.  It just got easier for businesses with less than 20 employees to obtain a PPP loan. The Government changed how the Small Business Administration's Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. The updated formula — which will likely [...]

21 05, 2020

Small Business Relief – What is the Paycheck Protection Program

2020-10-20T15:33:17-05:00May 21st, 2020|COVID-19|0 Comments

► APPLY for the Paycheck Protection Program What is the Paycheck Protection Program? The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is a nearly $350-billion program intended to provide American small businesses with eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. Program highlights All [...]

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