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. The recording is available below.
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.
For a downloadable version of the presentation slides, please visit this link.
To listen to this presentation in podcast form:
We’ll continue to keep an eye on new information and add new content as it becomes available. In the meantime, if you have any questions for the SC&H Group Team, please reach out to us directly through our website.