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Small Business Administration Issues Clarification on Faith-Based Organizations’ Participation in Loan Programs

Posted 2:51 PM by
Lenders and advisors alike have questioned whether churches, faith-based organizations, or organizations with religious affiliations are qualified to participate in Small Business Administration (SBA) loan programs offered as economic relief during the coronavirus outbreak. Previous SBA documentation indicated that “religious” entities were disqualified from receiving loans from the SBA. The CARES Act, signed into law on March 27, designated that 501(c)(3) entities and 501(c)(19) entities are eligible participants in the Paycheck Protection Program, but it did not specify if the “religious” status would make faith-based organizations ineligible.
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Hospitals May Utilize ASCs and Other Facilities for COVID-19 Patient Surge

Posted 10:45 PM by
The healthcare industry is collectively bracing for a surge of coronavirus-infected patients who need hospitalization. Estimates vary on when the wave of patients will crest, but rapid infection will undoubtedly strain existing resources, leaving hospitals with more patients than available beds or isolation areas. 
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Construction Webinar: Relief Available to Contractors Under the CARES Act

Posted 9:15 PM by
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides several programs, such as the Paycheck Protection Program (PPP), a forgivable loan, and the U.S. Small Business Administration’s (SBA) low-interest federal disaster loan program, which are a lifeline for small businesses and inject capital just when it’s needed most.
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Transportation Webinar: COVID-19 Federal Assistance for Small & Mid-Size Carriers

Posted 8:40 PM by
In this webinar conversation, hosted by the American Trucking Associations (ATA) National Accounting & Finance Council (NAFC) April 7 from 2:00-3:00 p.m. EDT, Randy Hooper, partner with Katz, Sapper & Miller’s Transportation Services Group, will moderate a panel of SBA lenders to answer questions about eligibility requirements and the loan process
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On-Demand Webinar: CARES Act: Forgivable Loan Program Explained

Posted 8:15 PM by
Introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program is a lifeline for small businesses, injecting capital just when they need it most. The program offers nearly $350 billion in federally guaranteed loans, but the hallmark is that the loans can be partially or fully forgivable, provided certain criteria are satisfied.
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Transportation Live Stream: A TCA Town Hall: Navigating the CARES Act

Posted 8:00 PM by
In response to the COVID-19 crisis, President Trump signed into law a $2 trillion stimulus package. Nearly 20% of these funds are earmarked for small businesses in the way of potentially forgivable SBA loans. Claiming this “grant” may require guidance from key advisors. TCA’s John Lyboldt will moderate a group of industry experts as they explain how to navigate this unprecedented opportunity that will be a lifeline for so many trucking companies.
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SBA Affiliation Rules May Affect COVID-19 Economic Relief Efforts

Posted 3:45 PM by
Within days of President Trump signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act, small businesses are racing to obtain relief from the impact of COVID-19 through the Paycheck Protection Program (PPP) in the form of a forgivable Small Business Administration (SBA) loan.
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International Tax Updates in Response to the COVID-19 Emergency

Posted 5:15 PM by
It has been a tumultuous few weeks for the United States (and around the world) as we continue to deal with the ongoing COVID-19 emergency. There have been many questions from taxpayers who are wondering how to move forward, specifically regarding how and when to file their 2019 tax returns.
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Construction Contractors: INDOT Offers Flexibility In Submitting Required Forms

Posted 8:15 PM by
Like many agencies across the country, the Indiana Department of Transportation (INDOT) recognizes the need for flexibility and adaptation during the COVID-19 health crisis. INDOT’s Prequalification Division has released updated guidance for construction contractors who need to submit Statements of Experience and Financial Condition.
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Paycheck Protection Program: What Should You Be Doing Now?

Posted 6:34 PM by
Introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program is a lifeline for small businesses, injecting capital just when they need it most. The program offers nearly $350 billion in federally guaranteed loans, but the hallmark is that the loans can be partially or fully forgivable, provided certain criteria are satisfied. Learn more about how the program works, who is eligible, how the loan funds can be used, and what you need to do to apply. Time is of the essence for this application.
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