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Employee Benefits: The Implications of the New Laws in Response to COVID-19 / Coronavirus

Jim Merklin discusses how businesses’ and individuals’ benefit plans are being impacted by the SECURE Act AND CARES Act, which was put in place as a result of COVID-19.   Read More >>

SBA Releases PPP Loan Forgiveness Application & Instructions

On Friday, May 15th the SBA released the PPP loan forgiveness application and instructions. These instructions do provide insight into the direction that SBA is moving with this process; however, this is not the long-awaited forgiveness regulation. Regulations will soon be. Read More >>

SBA Issues Guidance and Safe Harbor on “Good Faith” Certification

There has been a lot of discussions (and news coverage) around businesses with access to liquidity receiving Paycheck Protection Program (PPP) loans. SBA has been addressing these questions in their Paycheck Protection Program Frequently Asked Questions (albeit not very. Read More >>

Coming Back Safe and Strong

To Our Valued Clients and Friends, It’s a different feeling living within the restrictions of COVID-19. This new environment has been difficult for all of us, but it seems trivial in comparison to what those who have experienced COVID-19. Read More >>

BMF COVID-19 Safety Guidelines

AKRON OFFICE All clients and visitors to the Akron office* will be directed to the 2nd floor Administrative Office to sign in. This sign-in form will ask clients and visitors to acknowledge and certify that: they have taken their. Read More >>

Strategies During Economic Downturns: Managing Cash (It’s Still King!)

We’ve had a variety of conversations with clients on loan applications, forgiveness, maximization, compliance requirements, and tools that can be used to navigate this environment through the near and longer-term future. (See our PPP Loan Forgiveness Highlights for details and. Read More >>

Paycheck Protection Program: Loan Forgiveness Q&A

The Paycheck Protection Program (“PPP”) authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven. Read More >>

Paycheck Protection Program: Loan Forgiveness Highlights

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven. Read More >>

Paycheck Protection Program Loan Certification Updates

As we continue to monitor the progress of the PPP Loan Program from a variety of angles, there has been much publicity recently about whether large companies, who have sufficient access to liquidity, qualify for PPP loans. The U.S.. Read More >>

Paycheck Protection Program: Potentially Adding $300+ Billion to Support Small Businesses

As part of the $2.2 trillion coronavirus stimulus package, known as the CARES Act, $349 billion was initially allocated to small businesses as loans. Administered through the Small Business Administration, the Paycheck Protection Plan (PPP) provided small businesses with. Read More >>