WebSep 3, 2024 · One of the biggest changes to the PPP program is the direct forgiveness portal that the SBA has opened. With this new online portal, small businesses that borrowed up to $150,000 can apply to the SBA directly to … [email protected]. Contact. 800-200-5678. [email protected]. Working hours: 9 a.m. to 6 p.m, Mo - Fr. Social media. Have questions about Biz2Credit? Read FAQs. Sign up for our newsletter. Join 200,000+ subscribers to receive the latest updates from Biz2Credit. Submit. Business growth requires capital. That's where we can help.
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WebOct 13, 2024 · The short answer is yes; you can apply for the Employee Retention Tax Credit and the Payroll Protection Program forgiveness loan simultaneously. Initially, under the original CARES Act, the ERC was unavailable to business owners who chose to participate in PPP forgiveness. However, Congress updated the law to allow … WebPPP FAQ. What is required to apply for a PPP loan with Biz2Credit? What is the process for applications after the application has been submitted? How long before I receive funds after the status had changed to "funded"? What is an E-Tran number? How to access an account when locked out of the platform? high cbd vs thc
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The PPP Loan Forgiveness Application Form 3508S was designed to help any PPP borrower who borrowed less than $50,000. This application was released on October of 2024 under the SBA’s interim final rule in consultation with the Treasury that allowed borrowers who a PPP loan amount of $50,000 or less. See more In order to calculate your full-time employment equivalent employees (FTE), simply, hours paid each week/40 = FTE. The number of hours is important to keep in mind. In … See more On December 27, 2024, Congress passed the Emergency Coronavirus Relief Act of 2024. This latest COVID-19 relief package provided a significant amount of funding the program even for borrowers who need a second loan. In … See more When applying for loan forgiveness, it is important to consult with your lender on which form is right for you to fill. As mentioned earlier, there have additional forms to help simplify different business sizes. For … See more The Paycheck Protection Program’s loan forgiveness program continues to undergo new changes that are aimed to help simplifying the process for both lenders and borrowers. The … See more WebDec 11, 2024 · You can use the entirety of your PPP loan proceeds for owner compensation and still qualify for loan forgiveness—as long as your owner compensation doesn’t exceed $20,833 for the 24-week covered period (or $15,385 for the eight-week covered period). How To Apply For Loan Forgiveness As A Self-Employed Worker how far is soaring eagle casino