New Paycheck Protection Program (PPP) loan guidance should provide relief to business owners currently selling, business buyers, and business brokers with prospective clients with a PPP loan.
Good news for PPP Loans under $50,000: To be forgiven by the lender; not sent to SBA.
The SBA has deemed PPP loans under $50,000 obtained by businesses with at least one employee, even if the owner, to be de minimis – “too trivial or minor to merit consideration” by the SBA.
Mike has bought and sold a number of companies and founded NJ Broker Plus, LLC to assist New jersey business owners to sell their businesses and qualified buyers to purchase a profitable business. Over the past 3 years Mike has been instrumental in the sale of over 40 businesses.
Latest posts by Mike Janis (see all)
- Asset Sale Vs Stock Sale – What You Need to Know - July 24, 2023
- How Long Does It Take To Sell Your Business? - June 2, 2023
- Acquisitions of Service Businesses Remain Strong - April 27, 2023
