LyfeAccounting

AUGUST 3, 2021

The SBA recently launched a direct PPP loan forgiveness portal in an effort to streamline the loan forgiveness process. This is really good news, in our opinion, especially if you applied for the first or second draws of the Paycheck Protection Program. Now it was set up to be a “forgivable” loan. PPP Overview.

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LyfeAccounting

APRIL 15, 2021

We have an exciting update for you about the EIDL loan that you don’t want to miss. EIDL Loan Increase Amount. The SBA just expanded the EIDL loan in two major ways: 1. First, the max loan amount was increased from a $150,00 max loan amount to a max loan amount of $500,000. SBA Administrator Speaks.

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LyfeAccounting

NOVEMBER 25, 2020

?. Today, we’ll talk about how to apply for PPP Loan Forgiveness. So we’re going to immediately assume that you know what the PPP or the Paycheck Protection Program is and you already have a loan. So many businesses, including ours, went to the banks and requested a PPP Loan. How to Apply for PPP Loan Forgiveness.

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LyfeAccounting

FEBRUARY 4, 2021

Some revisions have made the process easier for businesses with smaller loan amounts. The latest stimulus relief bill passed in December of 2020 had two provisions that could help people with smaller loan amounts. For loans of $150,000 or less. The form is still in the process via the SBA. For loans of $50,000 or less.

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LyfeAccounting

JANUARY 20, 2021

All we saw were headlines like “PPP loan plan a mess so far for small businesses”, or. “The Paycheck Protection Program has been a disaster” And if you were actually trying to get a loan, it was even worse. aka PPP loan 2021. PPP Loan 2021 Most Commonly Asked Questions (And Our Answers!).

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LyfeAccounting

JUNE 30, 2021

Do you need a loan to get your business up and running? About 43% of small businesses applied for business loans last year. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

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LyfeAccounting

NOVEMBER 16, 2020

That’s why in this post, I want to help you forget and forgive your PPP loan. For starters, lawmakers have spent the last few months fighting over the next round of relief, including another round of PPP, which has some accountants recommending to their clients that they should hold off on applying for PPP loan forgiveness.

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