Apple Growth Partners

COVID-19 Response Team

SBA Continues Gradual Re-Opening of PPP Program

By Kathy Davis and Robert Jackson, CPA Thursday, January 14, 2021 On Monday of this week the SBA re-opened first draw PPP applications to Community Financial Institutions (which include Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies and Microloan Intermediaries) and second draw applications to those same lenders on Wednesday. Beginning tomorrow (Friday, …

SBA Continues Gradual Re-Opening of PPP Program Read More »

Second Draw Paycheck Protection Program (PPP) Loans

By Kathy Davis and Robert Jackson, CPA The SBA has released the application for the Second Draw PPP loan, SBA Form 2483-SD. This second round is intended for those recipients that have experienced a significant decline in revenues in 2020. This round also offers further benefits to those in the restaurant industry, hotels and others …

Second Draw Paycheck Protection Program (PPP) Loans Read More »

COVID-19 STIMULUS BILL PASSED, PRESIDENT EXPECTED TO SIGN INTO LAW

By Robert Jackson, CPA December 22, 2020 Late last night the Senate overwhelmingly passed the long-awaited Covid-19 stimulus and funding package, preceded by a similar response in the House.  The White House has indicated that the President will sign it. The package, which originally began as a funding bill, provides much needed relief to the …

COVID-19 STIMULUS BILL PASSED, PRESIDENT EXPECTED TO SIGN INTO LAW Read More »

SBA Updates Forgiveness Process

December 2, 2020 By Robert Jackson, CPA | COVID-19 Response Team Just before the Thanksgiving holiday, the SBA announced to lenders that the PPP Forgiveness Platform, which is available only to lenders, has been updated to include the new Loan Necessity Questionnaires (i.e. for loans of $ 2 million or more) that we discussed in …

SBA Updates Forgiveness Process Read More »

New SBA Qualification Questionnaire Requirement for PPP Loans in Excess of $2M

November 3, 2020 By Robert Jackson, CPA | COVID-19 Response Team Last week, the SBA announced that it will be issuing two new questionnaires for those borrowers who, together with their affiliates, received Paycheck Protection Program (PPP) loans of $ 2,000,000 or greater. The questionnaires are designed to help the SBA determine the extent of loan …

New SBA Qualification Questionnaire Requirement for PPP Loans in Excess of $2M Read More »

Main Street Lending Portal Now Open for Loans

November 2, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From the Federal Reserve website: The Federal Reserve Board on Friday adjusted the terms of the Main Street Lending Program in two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to …

Main Street Lending Portal Now Open for Loans Read More »

Ohio’s COVID Relief Grant Programs

Tuesday, October 27, 2020 On Friday, October 23, 2020, Governor DeWine and the Ohio Development Services Agency announced two new COVID Relief grant programs for Ohio companies: Small Business Relief Grant Grant summary $10,000 Grant Accepting applications November 2, 2020 Eligible Businesses For-Profit Entity Employs at least 1 and no more than 25 Ohio Employees …

Ohio’s COVID Relief Grant Programs Read More »