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Paycheck Protection Program Loan Forgiveness

Small business owners who have received the Paycheck Protection Loan can seek forgiveness of the PPP loan’s principal amount if it is spent on SBA authorized uses during the 8-week covered period. Here’s what you need to know to qualify for loan forgiveness In order to maximize loan forgiveness small business owners must: review what…

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Paycheck Protection Program

What is the Paycheck Protection Program? On March 27, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the house of representatives and then signed into law by the President. The Cares Act provides $2 Trillion in emergency financial assistance to individuals, small businesses, large corporations, hospitals, health centers, state, and local…

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