Tag Archives: ppp loan

5 Things All Small Businesses Should Know About COVID Relief

Businesses struggling to keep their doors open amid the ongoing public health crisis may not be aware of the financial resources available to them. Here are Five Things Small Businesses May Not, But Should, Know About Available COVID-19 Relief: 1. …

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Can I Sell My Business If I Have A PPP Loan?

What You Need to Know About PPP and Change of Business Ownership Generally, the Small Business Administration (SBA) and Paycheck Protection Program (PPP) lenders must consent to certain changes in a borrower’s ownership that occur within one year of the …

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IRS Weighs-in on PPP Loans

PPP Borrowers Cannot Deduct Expenses Paid With Forgiven PPP Loan Proceeds On May 1, the IRS released guidance addressing the deductibility of the expenses paid by businesses receiving a Paycheck Protection Program (PPP) loan. While the CARES Act provides that …

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