KTAR News Interview – 5/5/20

Still wondering where your stimulus check is? Seth D. Fink, CPA and Phocus Companies firm partner, speaks with KTAR news radio host, Griselda Zetino, to explain more:  

Paycheck Protection Loan Update – THERE IS STILL TIME!!!

As of this morning, less than $200 Billion was allocated out of the additional $310 Billion allotted for the Paycheck Protection Program. This is quite contrary to our original thought that these fund would run out very quickly. This is part due to 1) large loans are...

Payroll Protection Program Loan Submission Updates

As expected, the system for submitting the second round of Payroll Protection Program Loans has been plagued with the overload of submissions that started from go yesterday morning. Many banks had thousands of loan applications in the queue, and the system managed by...

Senate Approves additional Small Business Funding

Yesterday, the US Senate approved an additional $370 Billion in funding to be administered through the SBA. This will move to the House with a vote expected on Thursday. The President has already said that he will sign the bill when presented. $310 Billion of this is...