June 23, 2020 by Sheila Denny-Andrews
From the Minnesota Department of Employment and Economic Development website: The Minnesota Department of Employment and Economic Development (DEED) will oversee the Minnesota Small Business Relief Grants Program approved by the Minnesota State Legislature and signed by Gov. Tim Walz on June 16, 2020. This program will make available $10,000...
May 18, 2020 by Sheila Denny-Andrews
The following is a press release from the SBA on May 15, 2020. SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application Release Date: Friday, May 15, 2020 Release Number: 20-41 Contact: firstname.lastname@example.org Washington—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the...
May 13, 2020 by Sheila Denny-Andrews
Today the SBA released guidance regarding borrowers good-faith certification for PPP loan proceeds. Please review the attached FAQ #46 for the official SBA guidance, including a $2 million safe harbor provision. If you have any questions, please contact your representative at Copeland Buhl. The deadline to return funds is Thursday,...
May 1, 2020 by Sheila Denny-Andrews
In order to provide support to businesses impacted by COVID-19, Hennepin County implemented the Small Business Relief Program which was “designed to help small local businesses meet immediate financial needs.” This program provides emergency forgivable loans up to $7,500 to pay for critical operating expenses, such as: Utilities Rent/Mortgage payments...
April 3, 2020 by Sheila Denny-Andrews
The following resource from the American Institute of CPAs provides an overview of the Paycheck Protection Program, a loan meant to provide businesses with quick access to cash: AICPA paycheck-protection-plan-resource