The SBA last week release the long awaited Paycheck Protection Plan Loan Forgiveness Application for small business to complete. The application and instructions are only 11 pages! The SBA has made it more complicated than it needs to be but it’s their money, so if you don’t want to pay back the loan, you […]
You have to admit that your heart jumped when you finally got confirmation that you received a Payroll Protection Program (PPP) loan from the SBA. This meant that your business had an increased chance of making it through the corona economy. But how do you maximize the Payroll Protection Plan loan forgiveness so it does […]
The roll out of the Paycheck Protection Program Loan (PPP) through banks has been a disaster. Millions of small business owners have been left out of securing this vital lifeline during a time when their business is threatened with extinction. At banks, they have been met with confusing processes, failed submissions and an overwhelmed poorly […]
As millions of businesses start to receive their Paycheck Protection Program payments (PPP) from the SBA, owners need to ensure that they spend the money in the correct way so this loan can be forgiven. Since your company received 2.5 times your monthly payroll, this loan needs to be spent in the 8 weeks […]
