Applying for Loan Forgiveness
Thousands of businesses who received PPP loans have to file for loan forgiveness by June 30th. However, many do not know that lenders, not the Small Business Association (SBA) are the primary decision-makers on forgiving PPP loans or not. About PPP Loans The Treasury Department and SBA released new PPP guidance regarding the Paycheck Protection
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First COVID-19 Fraud Involving the PPP Program
Federal agents have arrested two New England businessmen with illegally trying to procure hundreds of thousands of dollars in federal Paycheck Protection Program (PPP) loans. This is the first fraud case. Thousands of small businesses are struggling across the country amid the coronavirus pandemic. About Paycheck Protection Program The government designed the Paycheck Protection Program to
Read MoreFighting COVID-19 Business Loss
Businesses across the United States have watched in horror as COVID-19 has caused shutdowns for weeks. The impact has been devastating for retail, manufacturing, entertainment, hospitality, and even technology companies. This pandemic is affecting small and big businesses alike. As these places struggle to stay afloat, they are also turning to their insurance policies for
Read MoreBusiness Insurance COVID-19 Claim Denied, Now What?
Businesses across the United States have had to shut down due to government closures. Because of this, many are filing business interruption claims. However, a majority of insurance companies are denying these claims citing that there aren’t any physical business losses. COVID-19 Business Loss Claim Denial Insurance companies are denying business claims since they say
Read MoreHow to Fill out a COVID-19 Business Loss Claim
Properly filling out a Business Loss Claim could help your claim. The intial steps you take can make the difference between a successful claim and an unsuccessful one. Follow these steps to ensure your claim will not be denied. COVID-19 Business Loss Claim Denial Insurance companies are denying business claims since they say policies exclude
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