Newsroom

COVID-19: Loans & Grants

  • U.S. Treasury Releases New Loan Forgiveness Guidance
    At Gettry Marcus CPA, P.C. we continue to stay up to date on the recent developments regarding the Paycheck Protection Program (“PPP”), as provided by the U.S. Treasury. On Tuesday, August 4, 2020, the U.S. Treasury released Paycheck Protection Program Frequently Asked Questions (“FAQs”) on PPP Loan Forgiveness.   The … Read more
  • U.S. Treasury Releases Updated Guidance and Revised PPP Loan Forgiveness Applications
    At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status of the Paycheck Protection Program (“PPP”) loan updates as provided by the U.S. Treasury. Yesterday, the U.S. Treasury released additional guidance related to the Paycheck Protection Program Flexibility Act (“PPPFA”) as well as new loan forgiveness … Read more
  • SBA Reopens Application Process for Economic Injury Disaster Loan
    At Gettry Marcus CPA, P.C. we continue to stay apprised as to the lending programs available to business owners to help finance operations during the COVID-19 pandemic. On June 15, 2020, the SBA announced that the Economic Injury Disaster Loan program (“EIDL”) was once again accepting applications from potential borrowers. The … Read more
  • Paycheck Protection Program Flexibility Act
    Revisions to the Paycheck Protection Program Have Been Enacted At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status of the Paycheck Protection Program (“PPP”) loan updates.  Today, the President signed into law the Paycheck Protection Program Flexibility Act (“PPPFA”), which changes certain provisions of the … Read more
  • U.S. Treasury Releases Paycheck Protection Program Loan Forgiveness Application
    At Gettry Marcus CPA, P.C. we continue to stay up to date on the recent developments regarding the Paycheck Protection Program (“PPP”), as provided by the U.S. Treasury. On Friday, May 15, 2020, the U.S. Treasury released the PPP Loan Forgiveness Application (“Application”). Please see the below link to review the Application:  … Read more
  • SBA Extends PPP Loan Safe Harbor Return Date
    At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status of the Paycheck Protection Program (“PPP”) loan updates as provided by the US Treasury.  Yesterday evening, the US Treasury released Question #47 as part of their frequently asked questions (“FAQs”), which was directly related to the … Read more
  • SBA Clarification on Required Good-Faith Certification
    At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status of the Paycheck Protection Program (“PPP”) loan updates as provided by the US Treasury.  Earlier today, the US Treasury released Question #46 as part of their frequently asked questions (“FAQs”), which was directly related to the … Read more
  • The Small Business Administration Will Resume Accepting PPP Loan Applications on Monday, April 27
    From the U.S. Small Business Administration*: Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP): “We are pleased that President Trump has signed into law the Paycheck Protection Program … Read more
  • CARES Act Provider Relief Fund
    Key Provisions and Eligibility Requirements On March 27, 2020, the Provider Relief Fund (the “Fund”) was created as part of the CARES Act, the Fund provides $100 billion in relief funds to hospitals and other healthcare providers that must be used to support healthcare-related expenses or lost revenue attributable to COVID-19, … Read more
  • WEBINAR: Loan Forgiveness Under the CARES Act Paycheck Protection Program
    Gettry Marcus CPA, P.C. presented: Loan Forgiveness Under the CARES Act Paycheck Protection Program: Understanding the Forgiveness Provisions and What Businesses Need to Do Now to Maximize Loan Forgiveness Now that many small businesses have received or are waiting for funding of their Paycheck Protection Program (“PPP”) loans, focus should now … Read more
  • Summary of Government Loans Available as a Result of the COVID-19 Health Crisis
    While many of you have become well-versed in the CARES Act’s Payroll Protection Program (PPP) loan application process and are giving thought to addressing the PPP Loan Forgiveness Calculations, we thought that now would be a good time to consider and understand what other loans are available from the Federal … Read more
  • The Main Street Lending Program
    Key Provisions and Eligibility Requirements On April 9, 2020, in response to the current health pandemic, the U.S. Treasury established the Main Street Lending Program (the “Program”), a $600 billion government-backed program that is being administered by the US Treasury under the Federal Reserve Act.  The loans available under the … Read more
  • Loan Forgiveness Under the CARES Act Paycheck Protection Program
    Understanding the Forgiveness Provisions and What Businesses Need to Do Now to Maximize Loan Forgiveness It is hard to believe that the CARES Act’s Paycheck Protection Program (“PPP”), and specifically PPP loans for small businesses, became law just two weeks ago. In that short time, small businesses across the country, … Read more
  • CARES Act’s Payroll Protection Program (“PPP”) Loans
    Summary of PPP Loan Provisions Gettry Marcus Crisis Advisory Task Force (“Task Force”) has been advising our clients on the financial resources available through government-backed stimulus packages and disaster loan programs. Our Task Force is also providing tax and other business-related guidance, as well as assisting clients with budgeting and … Read more
  • SBA Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
    The U.S. Small Business Administration (“SBA”) is offering low-interest federal disaster working capital loans to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Important Items to Note Before beginning the SBA loan application process, it is important to verify that you qualify as a “small … Read more

Please contact your Gettry Marcus Advisor if you would like additional information.

Disclaimer: Nothing herein should be construed as being Gettry Marcus’ views as to whether this economic global crisis will be short-lived (a V recovery), take only a few calendar quarters to unwind (a U recovery), or create a longer-lived recession. Further, the above and all future communications from our task force provides information for you to consider as a menu of thoughts as no one strategy works for all.

print
Share