The COVID-19 pandemic placed an unprecedented situation upon many businesses forcing them to close to protect the health and safety of employees and customers.
As a result of the CARES Act, there are loan opportunities to help businesses, through the U.S. Small Business Administration (SBA) . One of the most impactful is the Paycheck Protection Program (PPP), designed to provide access to funding so businesses can keep paying their employees and other expenses such as health insurance premiums, rent, mortgage interest payments and utilities.
WE ARE HERE TO HELP
If your organization has received a loan under the Paycheck Protection Program (PPP), congratulations on obtaining aid to help get your business and your employees through the shutdown measures needed to stop the spread of COVID-19. Now, you probably have questions on how to use the loan proceeds and the myriad of rules surrounding loan forgiveness. Contact us to help guide you. We can assist you with your questions and the following:
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KatzAbosch has been on the forefront of monitoring and providing guidance on this important financial relief for businesses since its initial release. Many of our clients have been asking for assistance, so if you are having difficulties with the calculation or would like to discuss your business planning strategy, please feel free to reach out.
FREQUENTLY ASKED QUESTIONS:
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If you have questions about what PPP best practices and business strategies apply to your organization’s situation, please contact us. We are happy to discuss your unique situation.