Do You Have a Plan? As previously reported, by June 29, 2020, Critical Sector businesses are required to develop and implement a COVID-19 Preparedness Plan that complies with Centers for Disease Control and Prevention (CDC) and Minnesota Department of Health (MDH) COVID-19 guidelines and OSHA standards. A template and instructions can be found here.
New, Simplified PPP Forgiveness Application Form This week, the Small Business Administration announced the availability of a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application. In addition to revising the full forgiveness application, the SBA published a new EZ version of the forgiveness application that applies to borrowers that: Are self-employed and have
More PPP Flexibility The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation on the evening of June 3rd, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The Senate approval sends the House bill, called
