Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.
SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.
Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.
Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:
Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
Sole proprietors, Independent Contractors, and Self-employed persons.
Eastlake, Ohio, June 29, 2018 (Globe Newswire) — Intellitronix, a wholly-owned subsidiary of US Lighting Group (OTC:USLG), today announced that it has met the exclusivity term of its recently-enacted distribution agreement with Promobot LLC.
“We are now in position to develop a market in the U.S. for Promobot’s service-oriented robot,” said Intellitronix CEO, Paul Spivak. “The market for service-oriented robots in the United States is substantial and we believe the robot is more than up to the challenge.”
Recently, Intellitronix concluded an exclusive marketing agreement for Promobot for the United States under which the parties agreed to work together to develop new market applications. The U.S. Distribution Agreement is exclusive to Intellitronix for a five-year period, which renews automatically on both parties’ consent.
US Light Group, Inc. has issued 500,000 shares of common stock to Promobot LLC in lieu of a $600,000 cash payment which satisfies the terms of the U.S. distribution agreement. The Payment was a requirement of exclusivity on the part of Promobot LLC. The two companies are now working together to expand those applications. Continue reading →
Welcome to Mahle, Wack, Zaidain & Co., PLL and MWZ Financial Group, LLC. Our hope is that this site will further your awareness of how our business works and the services we provide. We advise that you take advantage of many of the features provided and hope that you find this site valuable enough to bookmark it as one of your favorites.
Here you can stay up-to-date on relevant tax and financial topics through our on-line articles. Thanks for being here! We appreciate your business.
This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.
Choosing the right CPA firm is critical to the success of any business. Along with accounting services, a CPA must understand your business and your financial needs and goals. At Mahle, Wack, Zaidain & Co., PLL, Certified Public Accountants, we strive to provide the highest quality of accounting services and financial advice to our clients. Our professional staff is experienced in a wide variety of industries, and dedicated to understanding the unique aspects of each client. We will spend time with you, asking questions and offering suggestions to help you improve your bottom line. Joseph S. Zaidain, CPA/ABV/CFF, PFS, CVA (Partner)
Joe is a graduate of the University of Dayton with a Bachelors and Masters degree. He has over thirty years of experience in accounting. Joe’s specialties include personal and estate tax preparation and planning, business valuations, and general management consulting. Joe is a member of The American Institute of Certified Public Accountants (AICPA), The Ohio Society of Certified Public Accountants, and is accredited by the AICPA in Business Valuations (ABV), Forensics (CFF), and Personal Financial Planning (PFS). Joe also serves several church, school, and athletic organizations. Address:
228 Byers Road, Suite 300
Miamisburg, OH 45342
Website: http://mwz-cpa.com/ Newsletter: