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K·Coe Editorial

PPP Certification Criteria: 3 Questions for Every Business

By K·Coe Editorial | May 1, 2020

Reading Time: 3 minutes Recently, we learned that Shake Shack, the LA Lakers organization, and many other businesses have returned Paycheck Protection Program (PPP) funds due to concerns over alleged misuse of the program’s loan criteria.  In response to these highly publicized events, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza …

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PPP Update: Good News for Businesses with H-2A Workers

By K·Coe Editorial | April 28, 2020

Reading Time: 2 minutes Earlier in April, the Small Business Administration (SBA) and Department of Treasury addressed whether businesses should include any non-U.S. laborers in their employee count applicable to the Paycheck Protection Program (PPP) by simply excluding any compensation of an employee whose principal place of residence is outside of the United States.  …

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New Senate Bill Approves Ag Small Businesses for Disaster Loan Eligibility

By K·Coe Editorial | April 21, 2020

Reading Time: 2 minutes Update May 4, 2020: SBA is now accepting COVID-19 Economic Injury Disaster Loan and Advance applications for agricultural small businesses on a limited basis. Click here to visit the application on the SBA website. Loveland, CO – April 21, 2020 – Following weeks of lobbying the Small Business Administration (SBA) …

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CARES Act: Ag Businesses Should Prepare to Apply for EIDL Funding

By K·Coe Editorial | April 10, 2020

Reading Time: 2 minutes April 21st Update: Just announced: Senate passes bill allowing small ag businesses to receive disaster loan relief.    Special note:  K·Coe Isom is working to convince SBA to open this program to agricultural businesses. We have joined forces with 30 agriculture organizations and sent a letter to the head of …

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New: Main Street Lending Program Available for Businesses up to 10,000 employees

By K·Coe Editorial | April 10, 2020

Reading Time: 2 minutes April 17, 2020 MSL Update:  The Federal Reserve has released a report following the open period for public comments.  The report confirms that the Main Street Lending program is available for employers with up to 10,000 employees, including those with less than 500 employees (even if they have already filed …

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CARES Act Update: IRS Allows Amendments for Eligible Partnerships

By K·Coe Editorial | April 8, 2020

Reading Time: 2 minutes On April 8, 2020, the IRS issued welcomed guidance in Revenue Procedure 2020-23, allowing “eligible partnerships” to file amended returns for taxable years beginning in 2018 and 2019.  Without this guidance, eligible partnerships must utilize the Administrative Adjustment Requests (AARs) procedures.  Generally, utilizing the AAR procedures would delay partners from …

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PPP Loans Update: Most Ag Businesses Can Apply

By K·Coe Editorial | April 6, 2020

Reading Time: 2 minutes As part of the CARES Act stimulus package, Congress established the Paycheck Protection Program (PPP) to provide forgivable loans to small businesses, non-profits, sole proprietors and self-employed individuals. Congress added this program onto the existing Small Business Administration 7(a) loan program. This created some measure of confusion for agricultural businesses …

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