Alert: SBA Releases New Details on 7(a) Loans – What You Need to Know

April 3, 2020 | Blog | Bert Mills, CPA; Andy Starnes, CPA; Chris Arnone, CPA; and Steven Murphy, CPA

On the evening of April 2, 2020, the U.S. Small Business Administration (SBA) issued an interim final rule for 7(a) loans under the CARES Act Paycheck Protection Program (PPP). As a reminder, this program offers $349 billion in loans to small businesses impacted by... continue reading »

Urgent Action Needed: Banks begin taking SBA 7(a) loan applications on Friday, April 3, 2020

April 1, 2020 | Blog | Bert Mills, CPA, Managing Partner; Andy Starnes, CPA, Partner; Chris Tierney, CTP, CFE, Partner & Consulting Group Service Leader; and Tyler Wright, CPA, ABV/CFF/CFE, Consulting Director

On Friday, April 3, 2020, banks will begin taking Small Business Administration (SBA) 7(a) loan applications under the CARES Act Paycheck Protection Program. This $349 billion program will provide much-needed relief to millions of small businesses so they can sustain... continue reading »

CARES Act Paycheck Protection Program 7(a) Loans – What You Need to Know

April 1, 2020 | Blog | Bert Mills, CPA, Managing Partner; Chris Tierney, CTP, CFE, Partner & Consulting Group Service Leader; Andy Starnes, CPA, Partner; and Tyler Wright, CPA, ABV/CFF/CFE Consulting Director

The CARES Act expands the ways the Small Business Administration (SBA) can help small businesses remain open and meet payroll. The law expands the allowable use of the so-called “Section 7(a)” or “PPP loans” funds to include payroll support, including paid leave,... continue reading »

COVID-19 and Your Business: The Top 10 Strategies To Consider Right Now

March 24, 2020 | Blog | Bert Mills, CPA, Managing Partner, and Chris Tierney, CTP, CFE, Partner & Consulting Group Service Leader

These are unprecedented times. COVID-19 is not only taking a human toll, but it is drastically impacting the economy, and consequently, your business. While business disruption preparation has historically been strongly advised as part of your strategic planning, when... continue reading »

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