Abrigo

JANUARY 14, 2021

Third round of PPP funding is available for small businesses. There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. Stopping PPP Fraud in New Round of Funding. PPP Fraud Spikes.

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Lendio

JUNE 6, 2023

The Employee Retention Credit (ERC) gets a lot of press, due to the significant tax savings it offers small business owners. The Employee Retention Credit is a legitimate tax credit that rewards businesses for keeping their employees on the payroll during the COVID-19 pandemic. Is the Employee Retention Credit Real?

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Abrigo

MAY 21, 2020

Key Takeaways The PPP forgiveness process is a major concern among community financial institutions, and many worry about having the resources to handle it. Lenders must file the initial Form 1502 report no later than May 29 or 10 days after loan disbursement. C&I Loans. Lending & Credit Risk. SBA Lending. Learn More. SBA Lending.

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Lendio

JUNE 6, 2023

Let’s break down the qualification requirements to help you determine whether your small business is eligible. You must be an employer that operated a trade, business, or tax-exempt organization during 2020 or 2021. To clear it, you must shut down a “more than nominal portion” of your business.

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Lendio

JUNE 6, 2023

The Employee Retention Credit (ERC) is one of the most lucrative tax credits for small business owners. To help you understand how you might qualify, let’s review how the ERC works and walk through some practical examples of eligible businesses. Your business paid qualified wages to employees.

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Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. A sound system of independent, ongoing credit risk review is especially vital for banks and credit unions navigating the uncertainty of the coronavirus pandemic. Member Business Lending. Coronavirus Survival Guide for Banking: Loan Portfolio Management.

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Fundera

JUNE 23, 2020

Earlier this year the coronavirus pandemic hit the United States in full force, sending most of the country into isolation and quarantine in order to save lives. Stay-at-home orders and restrictions forced many businesses to shutter entirely or operate in limited capacities. . Federal Resources . State Resources.

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Due

AUGUST 20, 2023

One such opportunity that can have a significant impact on your business’s financial health is the Employee Retention Credit (ERC). The ERC is designed to encourage businesses to keep employees on their payroll during periods of significant disruption or economic hardship.

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Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Businesses can begin applying April 3. learn more.

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Abrigo

APRIL 8, 2020

On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for those affected by the coronavirus pandemic. Stay up-to-date on the latest news surrounding the coronavirus. As part of the CARES Act, the U.S. learn more.

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