This is not a drill! We cover all the recent updates and new information regarding tax deadline shifts – what is included and what is not, the second draw opportunity for the Paycheck Protection Program and the targeted EIDL advance application.
The SBA pushed out guidance on the new “PPP Second Draw Loans” yesterday. While we still don’t have sight of the application and the “portal” isn’t open for banks to submit loan packages we do have more answers – not all, but more.
On Friday, March 27th President Trump signed the CARES Act. The 2.2+ trillion-dollar act has within it a host of stimulus and relief provisions to help the country respond and rebound from the economic calamity brought upon by the pandemic.