Tag: sba

Meet the New Guy At OAAA: Mike Hershey

OAAA hired Mike Hershey as EVP/government affairs to replace Ken Klein, who retires at the end of the year. Mike started at OAAA on September 7. Insider caught up with Mike, to learn more about him Mike, tell us about your background, and how it connects to out of home. […]

Second Round of PPP Loans Starting This Week

Applications for the next round of PPP loans should start showing up this week.  Since the application portals are initiated by each bank in the program, timing may vary. Most banks will have already set up portals previously, Insider is expecting this should move quickly. Let’s deal with some basic […]

New Covid Relief Package and PPP Loans

As of  Monday night , the House has approved a $900 billion pandemic relief bill and was sending it to the Senate for late-night consideration after days of hard-fought negotiations. We are still waiting for a final signed bill and additional analysis on the final package. It does appear to […]

Finally, A Simplified PPP Forgiveness Form

Insider has been tracking the SBA’s Payroll Protection Loan Program as so many of us owner/operators have taken advantage of the loans available through and administered by the banking community. We mentioned back in August that waiting on filing your forgiveness application would make sense as lawmakers were discussing the […]

Forgiveness: You Might Want To Wait

Insider has reported on  the Payroll Protection Program in which the SBA was tasked with supporting small businesses through a loan program that was ultimately funded to the tune of $659 billion.  The PPP program was due to expire at midnight on June 30 with funds remaining, but just hours […]

PPP Loan Forgiveness Application Now Available

The SBA recently released their Paycheck Protection Program Loan Forgiveness Application.  In many instances, the banking community will put this application online, but if you want to get a head start on understanding what will be required, you can review and download a copy of the forms here. Insider read […]

PPP Forgiveness – Ready, Set, Document.

  With PPP applications in and, hopefully, funds in the bank, Insider wanted to start turning to the subject of steps to take to maximize your businesses potential for debt forgiveness.   We saw the following information from a community bank and wanted to pass along. Congratulations again on being approved […]

The IRS is Weighing in on the PPP and You Won’t Like It!

The Paycheck Protection Program was rolled out by Congress and the White House with great fanfare to help save small businesses during the coronavirus pandemic. Many of us have applied for and received PPP loans to protect our employees and businesses during the Covid-19 downturn.   The Small Business Administration as […]

Payroll Protection Loans – Round Two and other Reflections

Good news as Congress has approved another $310 billion in new funding to add into the cash depleted Payroll Protection loan program. An additional $174 Billion is included in the coronavirus relief bill to fund primarily SBA disaster assistance loans ($60 billion), grants to hospitals ($75 billion) and coronavirus testing […]