Foreign Ownership and PPP Can you apply for PPP(Payroll protection program?

April 6, 2020

Foreign Ownership and PPPCan you apply for PPP(Payroll protection program? Paycheck Protection ProgramAn SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if…

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SBA “Payroll Protection Plan”

April 3, 2020

Last night, April 2 around 9 PM the Small Business Administration (SBA) released 31 pages of the so called “Interim Final Rules” regarding the applicability, availability and processing of the “Payroll Protection Program” (PPP). Is the PPP “first-come, first-served?” Yes. However, we were told by some banks that the rules came in too late to…

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