JD Supra

Paycheck Protection Program: More Clarifying Rules, Second Draws and a New Application Form

On January 6, 2021, the Small Business Association ("SBA") and the Treasury Department released interim final rules for the Paycheck Protection Program (“PPP”) Second Draw Program, which was created ...
JD Supra

Paycheck Protection Program: SBA Issues Guidance on First Draw and Second Draw PPP Loans and Releases PPP Applications Pursuant to the Economic Aid Act

On January 6, 2020, the SBA published its 26 th Interim Final Rule (the First Draw PPP IFR) and 27 th Interim Final Rule (the Second Draw PPP IFR)[1] with respect to the Paycheck Protection Program ...
The Business Journals

Revisiting the Paycheck Protection Program: A look at the improvements and other changes in the second round of the Paycheck Protection Program

The Paycheck Protection Program (PPP) enacted by Congress last year helped many businesses weather the initial economic impact of the COVID-19 pandemic. In December, Congress passed legislation for a ...
Houston Chronicle

What Does Taking a Draw From a Company Mean?

Small business owners who decide to employ a sales force to generate revenue face the dilemma of choosing the most effective compensation program. Choices range from a straight salary plan where all ...