June 4, 2020
Last night, the Senate passed the bill, which now heads to President Trump for his signature. If signed into law by the President, the bill known as the Payroll Protection Flexibility Act will make significant favorable changes to SBA’s Paycheck Protection Program that encompasses the following: Extend the “covered period” under which small businesses can spend… View ArticleMay 7, 2020
The CARES ACT and Student Loans During this time, people are looking for ways to help alleviate financial burdens. The CARES ACT that was passed on March 27, 2020, provides several ways of relief and one of those includes relief for those paying Student Loans. Federal Student Loan principal and interest payments are suspended until… View ArticleMay 4, 2020
Great news! After the first round of funding; an additional $10 billion was allotted through the CARES Act to pay SBA EIDL applicants an advance on their loans. You have received your Economic Injury Disaster loan Advance, What’s next? How your Grant/Advance amount was determined Originally, the ‘CARES’ act provided that the EIDL Loan advance… View ArticleMay 4, 2020
Disclaimer: Campbell & Company 2020-The information in this document is general in nature and the information is changing rapidly and there may be updated information as it becomes available from federal, state and local governments. We inform you that any tax advice contained in this communication (including any attachment) is not intended to be used,… View ArticleApril 29, 2020
Congratulations you have received your PPP funding, and want to maximize your loan forgiveness. The amount spent over the next 8 weeks is eligible to be completely forgiven IF you use these funds for the following expenses: payroll, mortgage interest, rent and utilities. According to the ‘CARES’ Act, the forgiveness of a PPP loan is… View Article
