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Latest PPP and EIP News

Jan 22, 2021 | NewsWatch Today Article

IRS confirms SBA 7(a) payments no longer taxable income

The IRS this week issued guidance clarifying that SBA payments on existing 7(a) and 504 loans under Section 1122 of the CARES Act are no longer considered taxable income to the borrower.
Oct 5, 2020 | NewsWatch Today Article

IRS: Lenders shouldn't report PPP loan forgiveness

Oct 1, 2020 | NewsWatch Today Article

Enlist small businesses in PPP push

Oct 1, 2020 | NewsWatch Today Article

Bowman: Community banks critical to PPP

Sep 29, 2020 | NewsWatch Today Article

PPP loan-forgiveness problems make news

Sep 28, 2020 | NewsWatch Today Article

ICBA to Congress: Simplify PPP forgiveness

PPP 2 Summary Image

PPP Summary Updates

This update explains eligibility factors, restrictions on loan proceeds, expenses and other factors involved with the latest round of PPP loans.

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