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. However, as the first allotment of money is spoken for and another round of PPP injection is passed by Congress, the 1,661,367 loan recipients (and counting) are now turning to the equally important tasks of:
As companies use this money to try and support their essential expenses, many are turning to trusted advisors to ensure that they have a comprehensive plan and documentation to best utilize this loan.
At SC&H Group, our COVID-19 Taskforce has been scouring the details, talking with banks, businesses and individuals, and preparing to assess the formal guidance due out this weekend in order to help businesses put a strategy in place that allows them to deploy their PPP funds as designed and position them to utilize the loan effectively and understand what they may owe back. Join our experts for a webinar on Thursday, April 30th at 11:00 am to hear their advice on the latest guidance and recommendations they are providing business leaders and how you can design and execute your strategy in order to best position your organization.
*Timing is subject to change if we don’t receive the anticipated new guidance from the SBA by Monday 4/27. We will alert you as to any unexpected schedule adjustments.