The rules regarding the Paycheck Protection Program (PPP) are hard to understand. We are working with clients daily who are confused about the rules, and I don’t blame them one bit. Here’s an update to help you get some clarity on how to navigate the PPP program. Can you apply for the First Draw PPP?...
Business Coachingbusiness growthconsultantFinancesmall-businessSpecials and discountsSecond Chance for PPP Loans and EIDL Grants – Stimulus Assistance for Farmers and Ranchers
The $908 billion relief package signed into law on December 27, 2020 includes a very favorable update to the Paycheck Protection Program (PPP) for farmers and ranchers. The relief package also provides the Small Business Administration (SBA) with an additional $284 billion for PPP Loans, $20 billion for Economic Injury Disaster Loan (EIDL) grants, and...
businessbusiness growthconsultantFinancesmall-businessSpecials and discountsAdditional PPP Loans Are Coming
A new coronavirus relief bill will provide $284 billion in loans for small businesses. Here is how your business can get a second one. A new $900 billion coronavirus relief and stimulus package was signed into law by President Trump. One of its provisions: An extension of the Paycheck Protection Program, allowing another $284 billion...
businessBusiness Coachingbusiness growthconsultantFinanceSpecials and discountsA Guide To PPP Loan Forgiveness
The Paycheck Protection Program can be 100% forgiven if you meet certain criteria. We have put together this comprehensive guide you to achieve full loan forgiveness. NOTE: In order to get your loan forgiven, you must complete a PPP Loan Forgiveness Application. In the event that you borrowed under $50,000 or are self employed you...
If your business was fortunate enough to have received a Paycheck Protection Program (PPP) loan or an Economic Injury Disaster Loan (EIDL), you may have now decided that you want to pay it back for for any number of reasons: You didn’t fully understand the loan terms when you applied, You cannot use the PPP...
President Donald Trump has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness. Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they can keep the original eight-week period. New PPP borrowers will have a 24-week covered...
For those who secured Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, the conversation is now focused on two things: How to calculate and determine loan forgiveness scenarios Loan necessity In general, some or all of the loan granted under the program may be forgiven if used on allowable expenses over the eight-week period...