The PAYCHECK PROTECTION PROGRAM (PPP) is one of the most relevant Stimulus Packages and you will have to discuss with your bank/financial institution as they are administering this SBA program. This program would be retroactive to February 15, 2020, in order to help bring workers who may have already been laid off back onto payrolls. Loans
The Senate advanced a bill, A-3845/S-2284, that allows the Economic Development Authority to issue grants to help businesses remain afloat and make payroll while operation is interrupted. The bill also authorizes the authority to extend requirements within the state's troubled business tax incentive programs to file proof of investment and employment requirements during a state
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is aimed at providing financial relief for the economic downturn caused by the Coronavirus pandemic. This summary includes some of the more pertinent issues to individuals. Assistance for American Residents All U.S. residents with adjusted gross
Federal Government (SBA disaster loan) - https://disasterloan.sba.gov/ela/Information/Index The Federal Government through the Small Business Administration will provide disaster loans to business (3.75% interest rate) and non profits (2.75%) PA State Government - Working capital access program - https://dced.pa.gov/programs/covid-19-working-capital-access-program-cwca/ Governor Wolf has released the Covid-19 Working Capital Access Programunder the Pennsylvania Industrial Development Authority Small
In this period of uncertainty and chaos, we strongly believe that informed individuals take better decisions. It is important to filter all the noise, take rational and logical decisions in our scenario or it can worsen our position. Over the last few days, we had hundreds of conversations via phone, email, texts, radio shows, blogs,
