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The $1.9 trillion American Rescue Plan Act of 2021 was signed into law this week. The law makes an additional $7.25 billion available for the Paycheck Protection Program and expands eligibility to most 501(c) nonprofit organizations. It does not, however, change the program’s March 31 expiration date. The law also extended the Employee Retention TaxRead more

There have been two large changes to loans offered by the U.S. Small Business Administration (SBA). If your business utilized a loan from the SBA, check out these two changes to see if your loan qualifies in the changes: 1)    Paycheck Protection Program loan expense deductions changed by recent Omnibus bill:  A brief from the Congressional Research Service,Read more

On Monday, December 21, the U.S. Senate approved a deal on a $900 billion stimulus package that provides much-needed aid for small businesses, schools and unemployed Americans. The legislation was passed with a 92 to 6 vote following weeks of intense debates. Efforts to pass economic relief measures in the weeks leading to the presidentialRead more

The Acadia Parish Chamber joins state & regional partners to outline framework to re-open economy after the COVID-19 pandemic struck our state of Louisiana. President and CEO, Amy Thibodeaux comments, “It’s been over a month since we began this unthinkable ride we now know as the Coronavirus Pandemic. It’s a moment I have been dwellingRead more

The Small Business Administration’s $349 billion Paycheck Protection Program (PPP) has officially run out of funds. In an SBA PPP report published on Monday, April 13, over 17,000 applications and $3.75 Billion had been approved through the forgivable loan program. The notification on the SBA’s website, states the “SBA is currently unable to accept newRead more

Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories. EIDL loans are now available. On March 27th, 2020, President Trump signed into lawRead more