Wealth Management & Tax Information in Orange County

Paycheck Protection Program Reminder - CAPATA

30
Jun

COVID-19 Updates

Paycheck Protection Program Reminder

Paycheck Protection Program Reminder

Just as a reminder, the Paycheck Protection Program (PPP) Loan application deadline is today (June 30, 2020). With today being the last day to apply for a PPP loan, there is no more time to wait if you have decided that this program is the right thing to do for your business. You will need to have all of the required information before you go to a lender, so be sure to talk to a lender representative beforehand to ensure that you are submitting and including all of the documents that they require to qualify you for a PPP loan.

Orange County Grant Small Business Relief Program - CAPATA

12
Jun

COVID-19 Updates

Orange County Grant Small Business Relief Program

Orange County Grant Small Business Relief Program

Would you like a grant of up to $10,000 from Orange County to help your small business? Read this today—help may be on the way! In general, the grants require that your business was affected by the COVID-19 Pandemic. The qualifications are generous, and different programs have different application deadlines, but all applications must be received soon and in general late applications will not be accepted.  

Senate Passes Paycheck Protection Program Flexibility Act - CAPATA

05
Jun

COVID-19 Updates

Senate Passes Paycheck Protection Program Flexibility Act

Senate Passes Paycheck Protection Program Flexibility Act

As expected, the Senate has passed the House of Representatives’ version of the Paycheck Protection Program (PPP) Flexibility Act on June 3, 2020.This legislation will remove many restrictions from the original PPP terms while still allowing businesses to maximize forgiveness.

03
Jun

COVID-19 Updates

PPP Loan Forgiveness – Possible Loosened Restrictions

PPP Loan Forgiveness- Possible Loosened Restrictions

The House of Representatives has passed the Paycheck Protection Program Flexibility Act to the Senate on May 28, 2020 with a 417-1 vote.The bill will make qualifying for PPP loan forgiveness easier for borrowers by loosening some of the restrictions originally put in place as part of the CARES Act on March 27, 2020.
It is important to note that this bill is not a law at the time of this article. We are sharing this information because the PPP Flexibility Act may be passed, and we would like you to know in advance how it will impact your PPP loan process and forgiveness.

Orange County COVID-19 Layoff Aversion Support Fund Program - CAPATA

21
May

COVID-19 Updates

Orange County COVID-19 Layoff Aversion Support Fund Program

Orange County COVID-19 Layoff Aversion Support Fund Program

In breaking news, the California Employment Development (EDD) funded $700,000 to Orange County’s Workforce Development Board (OCWDB) in partnership with the Orange County Community Services- Community Investment Division. These funds have been put into the COVID-19 Layoff Aversion Support Program to help small businesses within the Orange County area mitigate layoffs and follow federal and state health orders, such as “social distancing”.