| COVID-19
The Small Business Administration and the Treasury Department have introduced new guidance and changes to assist both lenders and PPP borrowers of $50,000 or less with the forgiveness process. The changes include a new simplified application and: reductions in the information
Last week, the SBA released a procedural notice with information regarding the sale (or change of ownership) of small businesses with PPP loans. This may complicate sales of such small businesses. The borrowers must notify their PPP lenders of any
If COVID has taught us anything, it has taught us to expect the unexpected. When was the last time you looked over your credit report? Could you be the victim of identity theft and not even know it yet? Don’t
Yesterday, the U.S. Centers for Disease Control and Prevention (CDC) issued an order titled “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19” which will go into effect beginning Friday, September 4, 2020, expiring on December 31,
The August 8, 2020 deadline to apply for a Paycheck Protection Program (PPP) loan has passed and loan applications are no longer being accepted. However, the Small Business Administration (SBA) has now opened an electronic portal for processing loan forgiveness
| | Bankruptcy, COVID-19, Eviction
What You Need to Know If Foreclosure Looms Whether you find yourself in trouble with your mortgage servicer due to poor financial planning or simply because of circumstances out of your control such as COVID-19, know that all may not
| | Bankruptcy, COVID-19
What will happen if the extra $600 a week unemployment benefit, added due to the current COVID-19 pandemic expires on July 31, 2020? This benefit was intended as a temporary measure to help those facing unemployment or were furloughed due
| | Bankruptcy, COVID-19
The current global COVID-19 pandemic has caused many small businesses to assess and struggle with their financial situation more than perhaps any time in decades. For many, despite attempts by the government to assist, bankruptcy is the most viable option.
I assume most of us have recently had experiences with ways we have adapted to these new circumstances that we would not have imagined possible. This need and ability to adapt reminds me of a point that James Clear makes
Arizona Governor Doug Ducey today extended the moratorium on residential evictions until October 31. On March 24, the Governor had issued an Executive Order delaying the enforcement of eviction action orders for renters impacted by COVID-19 for 120 days. Today’s
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