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Considerations When Closing a Small Business with PPP or EIDL Debt

Jimerson Firm

This blog points out certain considerations that small business owners and their advisors should be cognizant of when shuttering businesses with open PPP loans, including reputational impact and risk to federally held assets. Small Loan Default. Additionally, large percentages of these loans are forgivable.

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JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Collection Industry News

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.