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SBA loans – Can my PPP loan be forgiven in whole or in part?

April 6, 2020

After the Small Business Administration (SBA) applications under the CARES Act for the Paycheck Protection Program are now possible and many banks have opened their portals and applications are pouring in, the next question is: can the loan be forgiven? photo mysynergy.com   The quick answer is: Yes. We suggest that you open a new bank…

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COVID-19 “CARES Act” bipartisan stimulus package being finalized in Congress will help small businesses

March 26, 2020

In the early morning on March 25, 2020, the White House and Senate finally reached an agreement on a $2 trillion package to respond to the current economic crisis caused by the COVID-19 pandemic. Though a deal has been struck on the key points of the Bill, many details are still being finalized. However, a few…

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