COVID-19 Updates2020-04-03T14:48:29-07:00

COVID-19 Updates

BREAKING NEWS: SBA MODIFYING PPP RULES

On Monday, June 8, 2020, the Small Business Administration (SBA) issued a statement that they will be modifying the Paycheck Protection Program (PPP) to align with Congress’ amendments in the Paycheck Protection Program Flexibility Act. Take away:  The bottom line is that SBA will be issuing rules and guidance, a modified borrower application form, and [...]

CHMELIK SITKIN & DAVIS HAS RE-OPENED

We are open for operations, subject to Phase 2 of Washington’s COVID-19 Safe Start Plan safety procedures. Here is a summary of our Phase 2 plan: Our front door shall remain locked, but we are available to meet with you in our office if you schedule a meeting in advance. Most of our team will [...]

Paycheck Protection Program (PPP) Audits

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) established the Paycheck Protection Program (PPP), under which certain businesses could apply for loans, a portion of which is eligible for forgiveness through the Small Business Administration. As part of the application for the PPP funds, the borrower makes a good faith certification that the [...]

BREAKING NEWS: REOPENING RESOURCE FOR BUSINESSES

The Association of Washington Business (AWB) in partnership with the State of Washington has established a AWB Rebound and Recovery website (https://www.reboundandrecovery.org/) to help Washington businesses reopen smoothly. The website has two main lines of effort: Reopening Tool Kit: AWB has developed customizable materials to support a business’ reopening by helping to communicate new COVID-19 [...]

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