Keeping our customers up-to-date and informed is our number one priority when it comes to all things PPP. Here are some important things you need to know when requesting Paycheck Protection Program loan forgiveness under the CARES Act.
As a vital piece to the COVID-19 stimulus package, the Paycheck Protection Program (PPP)* is set to provide a short-term lending vehicle for any employers to help keep their employees in place in hopes to avoid of avoiding long-term unemployment.
The SBA has recently simplified the PPP loan forgiveness process, including offering a shortened application for those qualifying borrowers.
For business owners nearing the end of their initial covered period and at a point where they are ready to move beyond PPP back to more normal business operations.