SBA Streamlines Forgiveness Process for PPP Loans

The Small Business Administration (SBA) issued new guidance yesterday designed to accelerate the end of the Paycheck Protection Program (PPP) by streamlining the process for millions of small businesses and nonprofit employers to have their emergency payroll loans forgiven. The PPP was one of the largest and most popular federal relief programs created last year… Read more »

ASAE, BCC Urge Congress to Mitigate Pandemic Risk

ASAE and other members of the Business Continuity Coalition (BCC) urged lawmakers in a Senate Banking subcommittee hearing today to develop a public/private program to mitigate event cancellation, business interruption and related losses from a future pandemic or other devastating event. The Senate Banking Subcommittee on Securities, Insurance and Investment convened the hearing to “explore… Read more »

Biden Extends PPP Deadline to May 31

President Biden signed legislation March 30 to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the legislation, which overwhelmingly… Read more »

Senate Passes Bill to Extend PPP Until May 31

The Senate passed legislation by a 92-7 margin today to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the… Read more »