What You Need To Know About The Paycheck Protection Program Loan With Tom Wheelwright

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By Patrick Donohoe. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
If you are an employee stuck at home right now because of the Coronavirus pandemic, chances are you might have received your paycheck, which was acquired through the Paycheck Protection Program. What is it, and how can employers repay the PPP loan? In this episode, Patrick Donohoe interviews CPA , the creative genius behind , a revolutionary platform of educational tools and a global network of CPAs. Today, Tom joins Patrick Donohoe to tackle the ins and outs of the PPP loan, including what you need to know as an employer about the payback period interest rates. Emphasizing on the need to sit with a CPA, Tom notes how one can help you understand the loan count computation better than the banks. He also touches on the EIDL program, its three parts, and its restrictions. Tune in to learn how you can save yourself from unnecessary loan charges and make use of more investment opportunities even amid the pandemic.

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