President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
What Chicago Retailers Should Know About The Kiosk Ordinance
SBAC INSIGHTS PAGE An ordinance has been filed which will impose a tax on retailers that use automated self-checkout kiosks. This ordinance taxes retailers $20,000.00 for each automated self-checkout kiosk operated at their establishment. The burden for paying this tax cannot be shifted onto customers. There are record-keeping requirements and other rules set forth by…
The Healthcare Protection Act: What Small Business Owners Should Know
Download PDF here SBAC INSIGHTS PAGE SBAC INSIGHTS PAGE
Small Business Economic Impact Analysis Template
Small Business Economic Impact Analysis Template Rule change: ______________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ NAICS 2-digit codes of small businesses being impacted: ___________________________________________________ _____________________________________________________________________________________________________________ Estimated number of small businesses being impacted: _____________________________________________________ List how the rule will impact the following categories for a small business: Hiring and staffing: _____________________________________________________________________________________ …
