PPP Flexibility Act Brings Important Changes to the Paycheck Protection Program

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Small businesses struggling to remain afloat during the economic upheaval caused by the coronavirus pandemic received some relief with the passing of the Paycheck Protection Program (PPP) as part of the historic CARES Act. The program provides eligible businesses with unsecured loans to help them cover payroll, rent and other ongoing business expenses, with the possibility of partial or complete loan forgiveness.

On June 5, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, making significant changes to the PPP program. Here’s what you need to know about these changes.

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Don’t Let Scammers Get Your Stimulus Check

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As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the federal government is sending out $290 billion in stimulus checks over the next half a year. Unfortunately, scammers are doing all they can to get their hands on these checks. To help you keep your check safe from scammers, Ideal CU has compiled the following guide on the stimulus check process and connected scams.

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What Should You Do With The Stimulus Money?

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Economic stimulus checks started going out this week, which raises the question - what should you do with the money? How do use the funds safely and in a way that benefits your financial health & well-being during this difficult time? Here are the six things the National Credit Union Foundation advises you to consider:

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Important Details You Need to Know About the COVID-19 Stimulus Plan

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The $2 trillion stimulus plan recently signed into law is designed to help mitigate the economic fallout of COVID-19, but what does it mean for you? Here are some important details you need to know about The Coronavirus Aid, Relief and Economic Security Act (CARES.)

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