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PPP Loan Forgiveness Workbook
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SBA Continues to Rollout the Second Round of the PPP

      Starting today, Friday, January 15th, the SBA is accepting applications for the second round of Paycheck Protection Program (PPP) funding from smaller financial institutions. On Tuesday, January 19th, they will begin accepting applications from all financial institutions. To apply for the second draw PPP (PPP2), you must meet the following criteria:  

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PPP2 for Nonprofits: Which Organizations Are Eligible for Second Draw Funding?

Nonprofit organizations that received loans through the first round of the Paycheck Protection Program (PPP1) may be eligible for a second draw of PPP funding (PPP2). PPP2 was among the provisions included in the COVID-19-Related Tax Relief Act (COVIDTRA) legislation.  Small, community financial institutions may submit PPP loan applications for first-time PPP borrowers to the

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COVIDTRA for Businesses & Nonprofits: A Closer Look at Certain COVID-19-Related Tax Relief

On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. Among other provisions, the legislation includes a number of notable tax provisions and extenders for businesses and nonprofit organizations.  PPP Provisions One of the biggest wins in this round of legislation affects PPP loan recipients, both

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