SBA Issues New PPP Loan Forgiveness Forms
June 22, 2020 On June 17, 2020, the Small Business Administration (SBA) published two new loan forgiveness forms that conform to the changes in the Paycheck Protection Program enacted by H. R. 7010. (View June 5, 2020 GRC Update Congress Modifies Major CARES Act’s Provisions on Loan Forgiveness and Payroll Taxes.) We now focus on PPP forgiveness for pawnbrokers who …
Has the SBA Denied Your EIDL Application? NPA Information to Help Pawnbrokers Seek Reconsideration
Has the SBA Denied Your EIDL Application? NPA Information to Help Pawnbrokers Seek Reconsideration of their EIDL Eligibility. June 9, 2020 NPA’s Team GRC has learned from several pawnbrokers of their EIDL applications being denied by the Small Business Administration (SBA). The SBA’s denial merely states that the applicant’s “business activity is not eligible”. Team GRC’s additional research returned …
Congress Modifies Major CARES Act’s Provisions on Loan Forgiveness and Payroll Taxes
June 5, 2020 On Wednesday, June 3rd, the Senate passed H.R. 7010, the “Paycheck Protection Program Flexibility Act of 2020”. The bill is now headed to the President’s desk for his signature. H.R. 7010 makes important changes that should help all Paycheck Protection Program (PPP) borrowers: Extends the “covered period” for borrowers to spend PPP loan funds to December 31, …
Additional Information Regarding EIDL and PPP Programs
As Of May 20, 2020 As we monitor all developments related to the EIDL and PPP programs from the Congress, SBA, and Treasury, we have seen a few shifts that are likely to affect pawnbrokers’ decisions going forward. We also continue to do everything possible using the NPA’s GRC resources to look forward and anticipate the next wave of …
SBA Tells Nearly 8,000 Businesses Applying for Economic Injury Disaster Loans (EIDL) Their Personal Information Was Exposed on Its Website
Breaking News from Tuesday, April 21, 2020 NPA’s Team GRC has located several media articles covering the SBA’s admission that its online application portal for the EIDL program leaked 8,000 applicants’ personal information to other later applicants on the same online portal. One report first found by NPA’s Washington counsel, Cliff Andrews, is from Business Insider https://www.businessinsider.com/sba-website-leaks-thousands-business-owners-personal-information-disaster-loans-2020-4. Inc.com and the …
An Introduction From Our Executive Director
April 19, 2020 [row] [col span=”4″ span__sm=”12″] [ux_image_box style=”bounce” img=”13452″] Kristen Williams Executive Director National Pawnbrokers Association [/ux_image_box] [/col] [col span=”8″ span__sm=”12″] Let me introduce myself: My name is Kristen Williams and I am your new NPA Executive Director. As I’m sure you can imagine, it’s an extraordinary time to step into this new role. In the midst of the …
National Pawnbrokers Association Provides Free Access to Pawn Industry Information During COVID-19 / Coronavirus Crisis
National Pawnbrokers Association unlocks free pawn industry information to non-members to aid industry during COVID-19 / coronavirus crisis Southlake, TX – The National Pawnbrokers Association (NPA) announces a new plan to make relevant online information immediately available to all pawnbrokers for free. “We have always believed that the NPA’s mission is to protect, fight for, and educate all pawnbrokers. In …
A Message from NPA President Kerry Rainey
[row] [col span=”4″ span__sm=”12″] [ux_image_box style=”default” img=”5123″] Kerry Rainey President, National Pawnbrokers Association [/ux_image_box] [/col] [col span=”8″ span__sm=”12″] The spread of the coronavirus has created a complete disruption of service in our country and the rest of the world. Many of our members have expressed concern about the future of their businesses and their customers. As your industry association, …
National Pawnbrokers Association Cancels Legislative Conference
March 16, 2020 FOR IMMEDIATE RELEASE: The NPA 2020 Legislative Conference Has Been Cancelled Due to COVID-19/Coronavirus Concerns Southlake, TX – The National Pawnbrokers Association (NPA) has cancelled the NPA Legislative Conference which was scheduled for April 21-22, 2020, in Washington, amid concerns relating to the COVID-19 / Coronavirus pandemic. The NPA leadership understands the anxiety and uncertainty that has resulted …
Coronavirus Resources & NPA Events Update (Ongoing)
Updated March 16, 2020 4:30pm CST. News around the COVID-19 Coronavirus is changing daily. Like all of you, NPA is monitoring the Centers for Disease Control & Prevention (CDC). The NPA 2020 Legislative Conference Has Been Cancelled Due to COVID-19/Coronavirus Concerns Last week, we shared our plans to continue monitoring the COVID-19 / Coronavirus outbreak impact in preparation for our 2020 Legislative …