Updates and Deadlines for COVID-19 Relief Programs
The U.S. Small Business Administration will re-open the Paycheck Protection Program (PPP) loan portal to small community banks for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
As a reminder, the online application portal for the Massachusetts State Funding closes tomorrow, Friday, January 15. More details on how to apply and eligibility requirements are available at www.empoweringsmallbusiness.org.
Resources Offered by Cummings Client Firms
We appreciate the information and resources provided by many Cummings client firms to support businesses and individuals affected by COVID-19. Below are some of the latest updates.
Garvey, Steele and Bancroft – (400 West Cummings Park, Suite 3400, Woburn) – Find insights on the COVID-Related Tax Relief Act of 2020 and other information in the firm’s featured articles.
Kenneth Freed & Co. (400 West Cummings Park, Suite 5850, Woburn) – Get information on new COVID-19 Relief Programs and more on the firm’s tax center blog.
LGA CPAs and Business Advisors (500 West Cummings Park, Suite 5650, Woburn) – Register for the January 21 webinar, “Update on PPP Loan Forgiveness and the New Round of PPP Funding.”
McLane Middleton (300 TradeCenter Drive, Suite 7000, Woburn) – View a replay of the January 12 webinar, “An Overview of the Consolidated Appropriations Act.” Find more information at the firm’s Coronavirus Resource Center.
MP (MassPay) (500 Cummings Center, Suite 4900, Beverly) – Explore resources on PPP loans and forgiveness, FFCRA leaves, safety and returning to work, and more at MP’s COVID-19 Resource Center.
Robert A Cooper, CPA, P.C. (500 Cummings Center, Suite S-3580) – Call 978-232-1180 for assistance with calculating to see if you qualify, and for help with preparing applications for forgiveness.
Score Northeast Massachusetts (100 Cummings Center, Suite 310-G, Beverly) Find COVID-19 Financial Assistance Resources online, including information on upcoming webinars)
Liberty Bay Credit Union (300 TradeCenter, Suite 1740, Woburn) – Liberty Bay Credit Union is a participating PPP lender. Contact your local branch or visit the Liberty Bay website.
Marblehead Bank (100 Cummings Center, Suite 101F, Beverly) – Marblehead Bank is a proud participant in the current PPP Loan Program administered through SBA. For an application and overview, please contact Matt Ingram at Mingram@marblebank.com.
People’s United Bank (400 West Cummings Park, Suite 1950, Woburn and 100 Cummings Center, 101N, Beverly) – People’s United Bank will accept applications from existing, new, and non-customers applying for first draw loans. Find Paycheck Protection Program updates on the People’s United Bank website. Contact your local branch for assistance.
Please visit the Cummings Client Directory for a full list of client firms available to assist you.