Fisher Phillips: FFCRA & Cares Act / SBA FAQ Presentations

Updated PPP Forgiveness Forms Released   Below are links to various forms provided by the SBA.   Loan Forgiveness Calculation Form 3508 Loan Forgiveness Application Form 3508EZ Loan Forgiveness Form 3508EZ Instructions

 The Franklin Partnership FAQ on the Paycheck Protection Plan   On Friday, April 3, 2020, lenders across the country could begin approving Small Business Administration Paycheck Protection Program loans (PPP) to businesses with 500 or fewer employees. Lenders can accept and award loans through June 30, 2020. Please note, lenders are overwhelmed and just beginning…

U.S. Chamber Of Commerce Coronavirus Emergency Loans Small Business Guide & Checklist   The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who…

SBA Form 3509   Please note with urgency the SBA Form 3509 is for companies that have a PPP loan over $2 million that amounts to a “needs” test. We have spoken with Senate Small Business Committee staff and they are aware of concerns over this development   DOWNLOAD FORM HERE

PPP: Tax Forms   Refundable Paid Sick Leave/FMLA and Employee Retention tax credits, use the Quarterly income Tax Form 941  To request an advance on the tax credits ahead of the quarterly filing, use this IRS Form 7200   Tax Form 941   Tax Form 7200

 Business Loan Program Temporary Changes; Paycheck Protection Program    This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510.   VIEW/DOWNLOAD