PPP News Archives - SBA PPP Loan

How to Calculate Your PPP Loan as a Sole Proprietor, Independent Contractor, or Self-Employed Individual

Gig Workers Eligible for PPP

Did you receive a 1099 in 2019 or 2020? You’re eligible for PPP! The SBA released a big change to the PPP program in early March that impacts gig workers and self-employed individuals. Not only does it make PPP loans more accessible, but this rule also permits larger loan requests for the smallest of businesses. […]

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Restaurant Owners, Apply for a PPP Loan Now with Liberty SBF

Another round of Covd-19 relief has been approved by the federal government, allowing hard-hit restaurant and bar owners to apply for second-draw Paycheck Protection Program (PPP) Loans. Food Service Industry Paycheck Protection Program Options Restaurant owners who were forced to close their doors or seriously restrict services have been especially impacted throughout the pandemic. New […]

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PPP Loan Forgiveness Changes with New Act

The new 2021 Coronavirus stimulus legislation not only allows for $285 billion in additional Paycheck Protection Program (PPP) funds to be disbursed through approved lenders like Liberty SBF, but also updates loan forgiveness rules as well. In 2020, Liberty SBF facilitated over 3,200 loans in the sum of more than $350 million in the first […]

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Second Draw PPP Loan Updates for Small Business Owners

In 2021, a second round of Paycheck Protection Program (PPP) funding gives small businesses another chance at stimulus relief as the country continues to battle the effects of Covid-19. The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act approved by Congress and signed into law by President Donald Trump allocates $285 billion for […]

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Hotel Owners, Apply for a PPP Loan Now with Liberty SBF

The latest round of Covid-19 economic relief from Washington DC was praised by the American Hotel & Lodging Association (AHLA) and other travel industry groups, as the stimulus package provides additional funds for the hotel sector suffering from pandemic lockdowns and travel restrictions. Many industry and lending organizations lobbied on behalf of hotel business owners […]

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Nonprofits, Apply for a PPP Loan Now with Liberty SBF

The latest round of Covid-19 economic relief from Washington DC is available to 501(c)(3) and 501(c)(6) nonprofit organizations, such as professional associations and chambers of commerce, to pay staff and cover operating costs. Religious organizations are also eligible for the second round of PPP Loans. PPP Loans Available for Nonprofits in 2021 If your nonprofit […]

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SBA Stimulus Paycheck Protection Program (PPP) Loans

The SBA Paycheck Protection Program (PPP) Loan is the cornerstone provision of the CARES Act (Covid-19 stimulus) to help small businesses retain employees during the mandated Corona virus related closures. PPP Loan snapshot: Small businesses can use these loans to finance up to 2.5 months of employee payrollBusinesses, nonprofits, Tribal businesses, and veteran’s organizations with […]

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Paycheck Protection Program Frequently Asked Questions

There’s a lot of confusion out there over the Paycheck Protection Program (PPP). Understandable since information is changing all the time and the program had to be put together quickly. Below we answer some frequently asked questions about the program with information straight from the SBA itself.Once I apply with Liberty SBF am I guaranteed […]

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Paycheck Protection Program (PPP) Loan Forgiveness Guide

Paycheck Protection Program loans may be forgiven in full depending on use of funds and eligibility. The loan may be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities during the covered period following the funding of the loan. Please note at least 60% of the forgiven amount must […]

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