MULTIBRIEFS: Exclusive June 18, 2020 By Seth Sandronsky How is Uncle Sam’s Paycheck Protection Program (PPP) helping small firms with forgivable loans during the COVID-19 pandemic that has closed businesses across the U.S. and put tens of millions of Americans out of work? The answer is unclear. On that note, we turn to Treasury Secretary […]
For now, a lack of transparency for the Paycheck Protection Program Read More »
Press Release: June 17, 2020 Contact: Treasury Public Affairs, (202) 622-2960 Washington—Today, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In
FROM THE U.S. SMALL BUSINESS ADMINISTRATION PRESS OFFICE June 8, 2020 Upcoming Procedures SBA, in consultation with Treasury, will promptly issue rules and guidance, a modified borrower application form, and a modified loan forgiveness application implementing these legislative amendments to the PPP. These modifications will implement the following important changes: Extend the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the
New Rules for PPP Loan Forgiveness Read More »
FOR IMMEDIATE RELEASE Statement by Frank Knapp, Jr. BRTR co-chair and CEO of South Carolina Small Business Chamber of Commerce, on fixes to PPP that will help small businesses weather COVID-19 Washington, D.C., June 3, 2020—The Senate today passed a bill that corrects flaws in the Trump Administration’s handling of the Paycheck Protection Program (PPP)
FOR IMMEDIATE RELEASE Today, Opportunity Wisconsin and Businesses for Responsible Tax Reform (BRTR) held a virtual roundtable with small business owners from across Wisconsin to hear about the challenges they face in weathering the COVID-19 crisis and considerations they are making in reopening. SC Small Business Chamber of Commerce president and CEO Frank Knapp co-chairs
Forbes May 21, 2020 By Rhett Buttle, Contributor With unemployment claims topping 36 million, and both manufacturing and retail sales experiencing steep declines, there’s no doubt that America’s economic recovery faces a long road ahead. Last week, Federal Reserve Chairman Jerome Powell delivered a sobering view of the future, noting that “the loss of thousands
Why Bounce Back From COVID-19 When We Can Bounce Forward? Read More »
Last week the SBA released the PPP loan forgiveness application and worksheet that 4.23 million (as of May 14th) small businesses receiving a loan will use to try to get the loan 100% forgiven. (Oh, and that 4.23 million small businesses is only 14.1% of all the 30 million small businesses in the nation.) This
More SBA and Treasury ineptitude Read More »
Facebook & Small Business Roundtable May 18, 2020 Small and medium-sized businesses in the United States are being hit hard by the COVID-19 crisis. As part of our ongoing data collection effort with the World Bank and the OECD on the Future of Business, Facebook conducted a survey, in partnership with Small Business Roundtable, of
State of Small Business Report Read More »
“The loss of thousands of small- and medium-sized businesses across the country would destroy the life’s work and family legacy of many business and community leaders and limit the strength of the recovery when it comes. These businesses are a principal source of job creation—something we will sorely need as people seek to return to
Fed Chair: “These businesses are a principal source of job creation” Read More »
FOR IMMEDIATE RELEASE Statement by Frank Knapp, Jr., co-chair of Businesses for Responsible Tax Reform and President & CEO of the South Carolina Small Business Chamber of Commerce Washington, D.C., May 12, 2020—The HEROES Act, released today, cleans up some of the mess created by the Trump Administration’s botched rollout and administration of the Paycheck
