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Maximizing Your PPP: How Companies Should Plan to Get the Most Out of Their PPP Loan
Manage episode 260511747 series 1265064
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Small businesses, sole proprietors, and independent contractors across the country have spent the last few weeks desperately hoping to be one of the recipients to benefit from the Paycheck Protection Program. Now that 1,661,367 loan recipients (and counting) have been approved for a loan, SC&H Group hosted a webinar on Thursday, April 30th to help answer “now what?” for those businesses.
Here’s a breakdown of what we covered:
- How businesses should prepare to document their need for the loan
- Guidance on how to best use the money
- Tips for understanding and applying the forgiveness terms of your respective loans
- Interplay between PPP and other COVID-19 federal relief provisions
It is important to note that this information is very fluid. The content and advice we are presenting in the video is our interpretation of what is available at the moment – and all businesses need to continue working closely with their bank, attorney, and accountants.
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