Tag Archives: Local business

01.18 2021

Second PPP Loan

New COVID relief bill, Paycheck Protection Program passed congress on December 22. A second PPP Loan will be available. Here is a guidance you need to know.

Who is eligible for a second PPP loan?

Similar to the initial PPP loan, eligible small businesses may include:

Small businesses, Non-profit organizations, Sole proprietors, self-employed individuals or independent contractors

Addition to this, applicants must also meet the following

  • Businesses were in operation prior to February 15, 2020.
  • Businesses has a loss in revenue in 2020, which must be proved a 25 % or more reduction in gross receipts from any quarter in 2020 relative to the same quarter in 2019.
  • Businesses may not have more than 300 employees.
  • Businesses have used up or will use the full amount of their first PPP loan

SBA will provide further guidance such as application processes and required documentations. For the time being, let’s talk learn about any changes made and how those changes could affect you.

PPP Eligible expense list are added

  • Operational expenses

Payments for software, cloud computing, accounting needs and other human resources

  • Supplier costs

Expenditures any purchase order, or order for goods made prior to getting a PPP Loan essential to operate

  • Property damage costs

Property damage costs due to public disturbances that occurred during 2020, which are not covered by insurance

  • Worker protection expenses

Any personal protection equipment or property improvements and adaptive investments to help a borrower comply with COVID-19 related safety guidance during the period from March 1, 2020 onwards.

PPP expenses are tax deductible

Any expenses covered by a PPP loan can be claimed as tax deductible. The forgiven amount of PPP loans will not be included in taxable income.

09.10 2014

EJK Rocks Capitol Hill

H5P_piejarWe’re excited to expand our services on The Hill to working with Dani Cone, owner of Fuel Coffee and High 5 Pie. Dani’s been in the business of coffee for over 20 years, and she brings the same passion to her pies. At EJK our absolute favorite slices are the banana cream and chicken pot pies. Fortunately for us all, you can find both Dani’s pie and coffee at High 5 Pie and all three Fuel Coffee locations*.

*Additional Fuel Coffee locations in Montlake and Wallingford neighborhoods.

10.10 2011

Calling local business owners to…

EJK is excited to work with the Seattle Good Business Network to promote our local economy.

As a small, local business owner with locally minded clients, EJK is excited to welcome the Seattle Good Business Network (SGBN) to our family.  SGBN is a non-profit organization dedicated to building unique and sustainable local economies. To do so, SGBN works with local business owners to promote their products and educate Seattleites on the importance of buying local.

Not only do we encourage business owners to become part of the Think Local program, we’re excited about SGBN’s Eat Local Now! event, at the end of this month. Thank you SGBN for being one of our hardest working business partners.