PPP Forgiveness – Step 4: Bank review of your application

A summary of what decision you can expect: forgive all or a portion of the forgiveness amount you claimed, deny your forgiveness application, or if the SBA has selected your loan for review, deny your forgiveness application pending the SBA review. You can reapply after the review is complete unless the SBA has determined that … Read more

PPP Forgiveness – Step 3: Submit your application

Submitting Forgiveness Application Package PPP Loan Forgiveness Application – SBA Form 3508EZ and SBA Form 3508 You must read the instructions provided with each application form. The following are some important reminders as you complete the application, and include information on the Bank’s requirements with respect to forgiveness calculation. Nothing in this table should be … Read more

PPP Forgiveness – Step 2: Prepare your application package

Application Checklist You may use one of two forgiveness application forms. Your application package must include the items required for the form you select. No application will be accepted without all the required documentation. If you can check at least one of these three boxes…. You are self-employed, an independent contractor, or a sole proprietor … Read more

PPP Forgiveness – Step 1: When to apply

Important Changes to Covered Period The time you have to use PPP loan proceeds for forgivable expenses (“Covered Period”) has been extended from 8 weeks to 24 weeks. Your Covered Period starts from your loan disbursement date, or for payroll costs paid by certain borrowers, from the first day of first pay period after the … Read more


Macro Commentary:  Pending home sales posted a record gain Monday morning, coming in at 44.3%, exceeding all forecasts, giving U.S. stocks a boost to start the week. The Business Roundtable’s survey shows confidence among U.S. CEOs are at their lowest levels since the financial crisis. 27% of the 136 CEOs surveyed said that they see … Read more


Macro Commentary:  Last week on Tuesday, May Retail Sales rose more than twice as much as expected, coming in at 17.7%. The increase in sales was likely the result of government stimulus in addition to the gradual return of consumer confidence. All retail categories increased in May, including a 44% surge in sales of motor … Read more


Macro Commentary: Last week on Wednesday, the Fed maintained a dovish stance with nearly all officials forecasting its key interest rate to remain near zero through 2022. The FOMC said it would increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities “at least at the current pace” to sustain smooth market … Read more

Understanding the US Systems in Light of COVID-19

Listening to the news and understanding the relationships between the US systems and the current climate can be confusing. To provide expert knowledge on these subjects, please join us in discussion with Ido Aharoni, a public diplomacy specialist.

SBA PPP – PPP Flexibility Act*

The Paycheck Protection Program (PPP) Flexibility Act of 2020 updates several aspects of the SBA PPP. * On June 5, 2020, the PPP Flexibility Act of 2020 (the Act) was enacted impacting aspects of the SBA PPP. Key Developments 1. PPP loans made on or after June 5, 2020 shall have a minimum maturity of … Read more