Links to Forgiveness Applications FORM 3508S FORM 3508-EZ FORM 3508 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 [...]
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 [...]
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 [...]
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 [...]
