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K·Coe Editorial

Safe Harbor Thresholds

PPP Loan Update: SBA Releases ‘Good Faith’ and Safe Harbor Thresholds

By K·Coe Editorial | May 13, 2020
Reading Time: 2 minutes
Update: Safe Harbor Thresholds date extended to May 18, 2020 for PPP loan repayment. In response to uncertainties surrounding the good faith certification requirement on Paycheck Protection Program (PPP) loans, the Small Business Administration (SBA), in consultation with the Department of the Treasury, has announced a determination of safe harbor …

Read morePPP Loan Update: SBA Releases ‘Good Faith’ and Safe Harbor Thresholds

MSL

Fed Provides Clarity on Main Street Lending Program for Small and Medium-size Businesses

By K·Coe Editorial | May 1, 2020
Reading Time: 3 minutes
Following its release of the Main Street Lending (MSL) program three weeks ago, the Federal Reserve has issued more detail on guidance, answered Frequently Asked Questions (FAQs), and made some adjustments to the original scope of the program. “After listening to the press conference delivered by Fed Chair Powell, and …

Read moreFed Provides Clarity on Main Street Lending Program for Small and Medium-size Businesses

PPP Certification Criteria: 3 Questions for Every Business

PPP Certification Criteria: 3 Questions for Every Business

By K·Coe Editorial | May 1, 2020
Reading Time: 3 minutes
Recently, we learned that Shake Shack, the LA Lakers organization, and many other businesses have returned Paycheck Protection Program (PPP) funds due to concerns over alleged misuse of the program’s loan criteria.  In response to these highly publicized events, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza …

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Workers in Field

PPP Update: Good News for Businesses with H-2A Workers

By K·Coe Editorial | April 28, 2020
Reading Time: 2 minutes
Earlier in April, the Small Business Administration (SBA) and Department of Treasury addressed whether businesses should include any non-U.S. laborers in their employee count applicable to the Paycheck Protection Program (PPP) by simply excluding any compensation of an employee whose principal place of residence is outside of the United States.  …

Read morePPP Update: Good News for Businesses with H-2A Workers

Disaster Loan

New Senate Bill Approves Ag Small Businesses for Disaster Loan Eligibility

By K·Coe Editorial | April 21, 2020
Reading Time: 2 minutes
Update May 4, 2020: SBA is now accepting COVID-19 Economic Injury Disaster Loan and Advance applications for agricultural small businesses on a limited basis. Click here to visit the application on the SBA website. Loveland, CO – April 21, 2020 – Following weeks of lobbying the Small Business Administration (SBA) …

Read moreNew Senate Bill Approves Ag Small Businesses for Disaster Loan Eligibility

Pinion Insights

CARES Act: Ag Businesses Should Prepare to Apply for EIDL Funding

By K·Coe Editorial | April 10, 2020
Reading Time: 2 minutes
Special note:  K·Coe Isom is working to convince SBA to open this program to agricultural businesses. We have joined forces with 30 agriculture organizations and sent a letter to the head of the SBA demanding that agriculture businesses be able to participate in this program.  K·Coe Isom’s government affairs team …

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CARES Act: Unemployment Assistance Program Benefits Overview

New: Main Street Lending Program Available for Businesses up to 10,000 employees

By K·Coe Editorial | April 10, 2020
Reading Time: 2 minutes
April 17, 2020 Main Street Lending Program Update:  The Federal Reserve has released a report following the open period for public comments.  The report confirms that the Main Street Lending program is available for employers with up to 10,000 employees, including those with less than 500 employees (even if they …

Read moreNew: Main Street Lending Program Available for Businesses up to 10,000 employees

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