Small and mid-sized business owners in Alabama strongly support vaccination for COVID-19 and plan to encourage their employees to get the shots in an effort to boost local economic recovery, according to the PNC Alabama small business owners survey released today. More than half (57 percent) of Alabama businesses surveyed will require employees to get […]
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs
Today, the U.S. Small Business Administration announced that it has approved approximately 60,000 PPP loan applications submitted by nearly 3,000 lenders, for more than $5 billion, between the program’s re-opening Jan. 11 and last Sunday. Last week, the PPP provided dedicated access to community financial institutions that specialize in serving underserved communities, including minority- women-, […]
The Small Business Administration and the Department of Treasury recently issued a set of Frequently Asked Questions about Paycheck Protection Program loan forgiveness. Below is a summary of the key information from the released FAQs: The FAQs clarified that C-corporation owner-employee health and retirement benefits are eligible PPP expenses in addition to their $100,000 salary cap. Eligible […]
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