SBA Announces Loan Necessity Questionnaire for Borrowers with PPP Loans
The forms, Form 3509 for for-profit businesses and Form 3510 for nonprofit entities, will serve as loan necessity questionnaires and will be required to be completed by PPP borrowers.
Profits Interest Grants Explained
A profits interest grant gives partnerships and LLCs that are taxed as partnerships a flexible way of providing incentive-based compensation to their workers. What do you need to know about them?
New SBA Guidance Issued: PPP Program and PPP Second Draw Loans
On December 27, 2020, the President signed the Consolidated Appropriations Act (the Act) of 2021. The Act includes several favorable changes to the Paycheck Protection Program (PPP) and allocates approximately $284 billion for “Paycheck Protection Program Second Draw Loans.”