Many companies have applied for loans under the Paycheck Protection Program and are beginning to receive funding. The PPP is intended to be a federal grant program, but companies that receive funds must apply for loan forgiveness. In order to qualify, they are required to follow certain rules for usage of the funds and meet certain tests related to employment and wage levels.
This on-demand webinar covers:
- An overview of PPP loan forgiveness guidelines and tests
- Case study examples
- Estimating, planning, and managing your loan forgiveness
- Integrating PPP loan forgiveness into your broader business planning decisions
- How to apply for PPP loan forgiveness
- What to do if part or all of your loan doesn’t qualify for loan forgiveness
Click here to view our recent blog post entitled The PPP’s Loan Forgiveness Provision Leaves Out Many Companies That Need it the Most.
Watch the rebroadcast:
We are also regularly updating our COVID-19 Resource Center, which you can access here. If you have any questions about these or any other matters, please do not hesitate to contact your Kreischer Miller professional or any member of our team.
Information contained in this alert should not be construed as the rendering of specific accounting, tax, or other advice. Material may become outdated and anyone using this should research and update to ensure accuracy. In no event will the publisher be liable for any damages, direct, indirect, or consequential, claimed to result from use of the material contained in this alert. Readers are encouraged to consult with their advisors before making any decisions.