Apr. 20, 2020
Small Business Administration revises game plan the night before kick off
A core component of the $2.2 trillion COVID-19 stimulus package allows the Small Business Administration to create a Paycheck Protection Program from Feb. 15, 2020, to June 30, 2020, that provides for 100% federally backed forgivable loans for certain eligible businesses and nonprofits hurt by the coronavirus fallout.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
A core component of the $2.2 trillion COVID-19 stimulus package allows the Small Business Administration to create a Paycheck Protection Program from Feb. 15, 2020, to June 30, 2020, that provides for 100% federally backed forgivable loans for certain eligible businesses and nonprofits hurt by the coronavirus fallout. This relief plan has so far received an overwhelming response — and is designed to extend loans, backed by the federal government, that become grants if...
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