US DEPARTMENT OF TREASURY, SBA RELEASE NEW GUIDANCE ON PPP LOAN FORGIVENESS

FRLA May 23, 2020 – The U.S Department of Treasury and the Small Business Administration have released guidance on PPP Loan Forgiveness. Below, please find links to the guidance on how PPP borrowers can apply for loan forgiveness, Interim Final Rule information, updated Frequently Asked Questions, and additional resources. INTERIM FINAL RULE ON LOAN FORGIVENESS…

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4 Ways to Lead Your Team Through Tough Times

By Linda Rubenstein, Director of Community Impact CliftonLarsonAllen Email T. 301.931.7320 Key insights During COVID-19, employees are looking to their organization’s leaders to chart a path forward. By offering teammates empathy, flexibility, encouragement, and resources, leaders can provide much-needed support. CLA can equip you with the tools, resources, and tips you need to help your…

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COVID-19 Impact on the Construction Industry

By Sada Kempf, Marketing Director CliftonLarsonAllen Email T. 920.232.2230 PPP Loan Forgiveness for Contractors Part II We were overwhelmed by the range of excellent questions from our May 21 webinar participants, and heard many common themes. In this session, we focused on answering these timely questions to help you prepare for the end of your 8-week period…

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WEBINAR: Your Guide to PPP Loan Forgiveness

“Please Release Me. Let Me Go!” Your business has most likely already received its Paycheck Protection Program (PPP) loan. Now, what steps do you need to take to get the loan off your books and forgiven? Join us Thursday, June 4 at 2 p.m. for an in-depth webinar discussion with special guest, Michael Myhre, CEO of the Florida Small…

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Lee Clerk reopens June 1 with increased safety measures

FORT MYERS, FLA (May 29, 2020) – Lee County Clerk Linda Doggett has announced her offices will resume in-person court and official records services starting 8 a.m. Monday, June 1 at the Lee County Justice Center and Administration Building in downtown Fort Myers. All other locations will remain closed. “Even though our court and recording…

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Clarity for Nonprofits: Stimulus Relief Funds and Single Audits

By Chris Stanz, Principal, CliftonLarsonAllen – Email T. 320.203.5532 Key insights The OMB recently indicated that funds received under the PPP will not be subject to the Uniform Guidance single audit requirements. However, loans received through the EIDL program are subject to the single audit requirements. A recent OMB memo notes that an organization can…

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How to Navigate the After Effects of the U.S. Stimulus Packages

By Kristen Nelson Director of Marketing – Seamless – CliftonLarsonAllen T. 608.662.7657 Webinar Here : How to Navigate the After Effects of the US Stimulus Packages Amy Moore will be speaking at the European American Chamber of Commerce event on the U.S. stimulus packages. Topics include an update on the Paycheck Protection Program (PPP) and other funding…

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NEW SURVEY: Florida Tourism Impact From COVID-19

The Florida Restaurant and Lodging Association continues to advocate for Florida’s tourism industry during COVID-19. In order for us to ensure we are doing all we can to serve you, we ask that you take this quick survey telling us about the current status of your business.  If you have questions or concerns, please do not…

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Perspectives on Recently Released SBA Review Procedures and Related PPP Lender Responsibilities

By Susan Sabo, Financial Institutions Principal, CliftonLarsonAllen North Carolina – Email T. 704.816.8452 This blog is being posted on behalf of my colleague, Todd Sprang, principal in CLA’s financial institutions practice. On May 22, 2020, SBA and Treasury posted an interim final rule (“IFR”) to inform borrowers and lenders of SBA’s process for reviewing Paycheck Protection…

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Financial Health Tips to Help You Through COVID-19

By Brian D’Orazio, Principal CliftonLarsonAllen Wealth Advisors, LLC – Email T. 303.265.7890 Key insights The COVID-19 pandemic has brought financial uncertainty Gaining clarity on your current financial situation can help you make informed decisions and help you gain peace of mind. Managing your financial well-being can be just as important as maintaining your physical health.…

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