unemployed people

Are Employees Making More Not Working?

The Paycheck Protection Program, (PPP) intended to keep employees on the payroll, has, in some cases, resulted in workers  asking to be laid off.  That’s ironic, because the coronavirus relief bill was supposed to prevent layoffs. However, the bill passed by Congress last month, temporarily increased unemployment compensation to $600 per week.  Due to the …

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small business

Large Companies Access $365M in Loans Intended for Small Business

The Small Business Administration (SBA) issued new guidelines today, making it less likely for the larger companies to access the next round of funding for the small business relief program.  The SBA also increased pressure for public companies to give back any money they received. This comes after public outcry of unfair practices that saw …

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sba administration

Small Business Info Exposed in SBA Data Breach

A data breach at the agency tasked to provide financial assistance to small businesses during the COVID-19 pandemic has exposed sensitive data of approximately 8,000 small businesses. As a result, a delay in payouts is expected. The Small Business Administration (SBA), which oversees the Economic Injury Disaster Loan (EIDL) program, has notified applicants of the potential …

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more money

Deal Reached to Replenish Small Biz Loan Program

The White House and Congress have reached a deal for additional funding to replenish the exhausted small business loan program. Since the program launched, small businesses have feverishly applied for the SBA and Paycheck Protection Program (PPP) loans. The details of the package are forthcoming. However, it’s anticipated to include up to $310 billion for …

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mistake

Getting a Payment Status “Not Available Error” Message?

Still, waiting on your IRS stimulus check? Well, if you’re getting a payment status “Not Available” error, we have the answer! The task of sending out checks to so many millions of people is a herculean task.  One that comes with an unimaginable amount of paperwork! So processing all that data takes and hiccups are …

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sba

Funding for Paycheck Protection Program is Exhausted

The $349 billion in funding set aside for small businesses as part of the Paycheck Protection Program (PPP) has been exhausted. That’s according to the Small Business Administration (SBA). Furthermore, they are not accepting any more applications for PPP loan program. Loan applications received by banks that haven’t been sent to the SBA will not …

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