SBA

Deferment Period for Disaster Loans Extended

With the upheaval of the last few years, millions of small businesses have taken advantage of Covid-related relief funds to stay afloat. With no additional relief from Congress in sight, there is some good news for small businesses and not-for-profits that received the Economic Injury Disaster Loan (EIDL). The Small Business Administration (SBA) has extended…

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California Comes Through!

California Comes Through!

After months of anticipation, Governor Newsom announced this week that California will conform with IRS regulations making deducibility of PPP Loans and EIDL Grants nontaxable. The bill, AB 80, took effect immediately after being signed by the governor, allowing deductions for California businesses that have experienced at least a 25% drop in gross receipts in…

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Economic Relief Continues

Economic Relief Continues

With Covid-19 cases down significantly in California and restrictions on businesses lifting, there is still a long way to go to get our businesses back to pre-pandemic success. Thankfully, the Small Business Administration (SBA) is continuing to offer businesses help to carry them through. The SBA has increased the maximum amount small businesses and nonprofits…

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