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New Year, New Stimulus

After months of partisan haggling and threats of a presidential veto, a new $900 billion Covid-19 relief package has been passed to help bring much-needed aid to American families and small businesses.   The new stimulus bill includes: -Payments up to $600 (potentially $2,000 pending a vote in the senate) per person for individuals earning…

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Handling COVID-19 From a Financial Point of View (Video)

Emil Abedian speaks with Gudrun Giddings, President of SACC-LA, about how to handle the COVID-19 pandemic from a financial point of view. Learn about how tax regulations have shifted and new loans that have been issued to ease this economically stressed situation. Also, how the new regulations will affect you and how to benefit from…

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PPP Flexibility Act

The Paycheck Protection Program Flexibility Act is new legislation that makes some much needed adjustments to the loan program, easing some restrictions on small businesses as they seek loan forgiveness. The bill is just awaiting President Trump’s signature. Changes include: -Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they…

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Is Your PPP Loan “Necessary”?

New guidance has been issued from the SBA regarding the qualifications of the Paycheck Protection Program Loan. This new guidance clarifies the “current economic uncertainty” requirement that a borrower needs to meet in order to apply for the loan. Whether you have already received PPP Loan funds, or expect to, it is important to understand…

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Business After COVID-19

Business owners are rapidly adjusting to the changing economic climate and navigating new operational challenges in response to the coronavirus.  With so much happening so quickly, it’s hard to look forward and see what things will look like when we come out of this. Now is the time to safeguard your business and discover where…

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The Paycheck Protection Program

The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief for small business and their employees who are affected by the coronavirus. The Paycheck Protection Program is administered by the Small Business Administration (SBA) under its lending program, to provide small business loans on favorable terms…

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