COVID-19 relief bill was signed into law on December 27, 2020. Included in this bill was authorization for $284.50 billion in additional PPP funding available to businesses that meet specific requirements. Below is an article through the Journal of Accountancy with details on whether your business may qualify. We urge any business who may qualify to contact their banker immediately and begin the application process. It is unknown how long the $284.50 billion will last, but the earlier the application is submitted the higher likelihood you have of receiving the forgivable loan.
If you have any questions or would like any additional information, please contact BKC at 269-321-9200.