As some small businesses are seeing PPP loan funds come in, the most logical next question that comes to people’s mind is, “how do I make sure my loan is forgiven?”. First of all you have to remember to apply for Loan forgiveness. The form has just been made available by the SBA. Be sure to do the following: Detailed...
Tags: PPP Loan Forgiveness
Category: Business
Make the most of your banking relationships When the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) rolled out this spring, many small business owners who didn’t have an existing relationship with a bank or other lender found themselves unable to apply for these federal loan programs. The COVID-19 pandemic has highlighted the importance of having an established...
Tags:
Category: Business
If your business was open on or before February 15, 2020 and has 500 or fewer employees or independent contractors for whom the business paid salaries, compensation and payroll taxes, you qualify. Businesses with more than 500 employees are eligible in certain industries. One such example is the hospitality and food sectors that have multiple locations. These companies can have...
Tags:
Category: Business