Paycheck Protection Program (PPP)

[Paulie]

Here’s the best summation I’ve seen:

SBA Info From CPA (March 28, 2020)

The CARES Act was signed into law yesterday. This stimulus package has many different provisions, but the SBA 7(a) loan is one that we want to make sure everyone is prepared for as soon as the process is set up, and then once the loan is received, any of the proceeds spent over the following 8 weeks on expenses listed below would qualify for partial or total forgiveness. If you do not have a contact at a local bank, please let us know and we can refer you to a banker that will be familiar with…