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Q: When is the new deadline for PPP loan applications?
On Saturday July 4, 2020, the President signed the “PPP Extension Act” into law. On Monday, July 6, the SBA’s Paycheck Protection Program resumed accepting loan applications.
As the program’s initial deadline of June 30 approached, many small business owners wondered if there would be another chance to access the remaining funding put in place for the Paycheck Protection Program by the CARES Act. The approval and enactment of the “PPP Extension Act” has provided small business owners with this opportunity.
The new deadline for PPP loan applications is August 8, 2020.
You can view The White House’s and the SBA’s announcements by following the hyperlinks provided below.
Business owners who are still in search of a SBA approved lender can utilize the SBA’s Lender Match Tool, which guarantees contact from a qualified lender within two business days of submitting information on the platform.
Business owners who are interested in applying for, have applied for, or have obtained a PPP loan should familiarize themselves with the latest guidance released by the SBA and the U.S. Department of the Treasury based on the enactment of the “PPP Flex Act” on June 5, 2020.
In a previous blog post we discussed the important changes implemented by the “PPP Flex Act” and provided resources to assist business owners in familiarizing themselves with the SBA’s most recent guidance.
To visit our previous blog post regarding the “PPP Flex Act,” please follow the hyperlink below.
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
You have rights as a tenant, and you have options for resolving a dispute with your landlord through negotiation or court. As a tenant, you should feel comfortable going to your landlord for help when an issue arises in your residence. Unfortunately, not all landlords provide the quality of customer service they should or even abide by laws and regulations. If you experienced a problem in your home that led to a dispute with your landlord, know that you have rights and options.
Disputes Between Landlords and Tenants
First, let’s address some basic terms you will need to know. As the renter of an apartment or home, you are the “tenant.” The owner or management company that acts on behalf of the owner is called the “landlord.”
Some disputes between these two parties include:
Rental deposit refund disputes
Disputes related to the lease
Disputes related to needed repairs or habitability
Disputes over rent increases
Whatever the dispute, being proactive may help you address the initial problem with your residence that started the dispute.
Whatever the dispute, being proactive may help you address the initial problem with your residence that started the dispute.
Give Your Landlord the Benefit of the Doubt
Assume that your landlord is a good person and wants to do the right thing. There is definitely a chance you can get your issue resolved both by being a good tenant and by approaching the problem with a positive attitude.
There’s no real trick to being a “good tenant.” It starts with the basics, such as paying your rent on time. Taking care of the property. Abiding by the lease, including any restrictions.
The uncertainty caused by the coronavirus has introduced new burdens that many didn’t worry about under normal circumstances. Simply being able to pay the rent is a new primary concern for millions, and the recent economic downturn has forced those thrust out of work to consider the possibility of eviction if they aren’t able to put together rent money for the next month. An eviction is a frightening prospect at any time, and especially so when most of the country is being asked to stay at home. Fortunately, tenants have some rights in the process that can at least prevent unfair eviction, along with new emergency measures in place that may allow them to stay, even if they can’t meet their obligation on the first of the month.
Your lease and the applicable laws are a guide to the expectations of your landlord, and protection against unfair eviction. Your landlord can evict you, with the proper process, for failure to pay the rent or for violations of the terms of your lease. Your lease also dictates who can live in your apartment, and what you can do while living there.
Landlords are within their rights to evict a tenant that has an unauthorized pet; has engaged in unpermitted subletting, or illegal activities within the unit. As lengthy as your lease may be, it’s worth reading it before signing to make sure you understand what you can and cannot do as a tenant. If it’s been a while, re-read your lease to ensure that you are not currently violating any of those terms. You should have a lawyer review your documents and advise as to the laws that impact the rights of tenants.
I’ve lost my job and can’t pay my rent. What rights do I have?
Landlord-Tenant laws vary by state but generally, even if you’re out of work and without an income, your landlord can’t preemptively evict you from your place of residence without going through the due process of eviction. That means he or she will normally be required to give you notice of the termination of your lease and go through the proper eviction process before you are required to vacate the property. It is important to know if your city or state (To continue reading, click the following link> https://covid19.wearelegalshield.com/post/tenant-considerations-amid-a-global-crisis
DESIRE ADDITIONAL INFORMATON? WANT TO KNOW HOW TO BETTER PROTECT & ACCESS YOUR RIGHTS? HOW CAN A LEGALSHIELD MEMBERSHIP HELP YOU ADDRESS THESE CHALLENGES? LEARN MORE @ http://bit.ly/howweserveprotec...
LegalShield Coronavirus Resource Center (For Families & Professionals) - Life is scary for a lot of people right now. Millions of Americans have lost their income almost overnight. While you’re taking every step possible to ensure the health and safety of yourself and your family during the current Coronavirus crisis, there remains a good chance that you or a loved one will need legal help. Learn More Here: https://covid19.wearelegalshield.com/legal
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
The government has just approved the largest economic stimulus package in the history of the United States in an effort to mitigate the economic damage of the Coronavirus for small businesses. This is an opportunity for many small businesses that are struggling. The Small Business Administration is issuing these loans directly. You DO NOT apply for these loans at your local bank...you apply for them directly with the SBA.
These loans are meant for you to PAY YOUR BILLS and stay open. You can pay other loans, payroll, credit cards...everything you need to keep your doors open. We believe that every existing business that has been affected by the Coronavirus should apply. Access to the application has been provided via the link in the previous paragraph above and it is FREE to apply so please, just apply. The only answers that you can get are "YES or NO". If you do not apply you can be sure that you wont receive anything.
A quick video tutorial to show you what the paperwork looks like. Watch the video here
Also, we can refer you to our accountants if you need to have your taxes filed to complete this application as well.
Guys, there is no excuse not to apply. We put all of the documents together for you for free in the the link above. If you need us to help you...we can. Anyone that knows QT knows that we get results. Check out some of our success stories here.
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QT Business Solutions
24901 Northwestern Hwy STE 305 Southfield, Michigan 48075 United States (248) 416-1755
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
