HANG ON – IT’S COMING
I have fielded many questions about the Paycheck Protection Program. Contrary to a lot of misinformation circling the internet, the money is not being administered yet. The lenders are gathering the information directly from the SBA and will release the application process very soon. Gather y0ur documents now and stay calm. It’s coming. The provisions are fantastic. Here’s a quick summary:
- The amount of the loan is 2 1/2 times the small business payroll for 2019
- The loan will be forgiven for the 8 weeks the small business maintains its employees.
- Let us know if we can answer any questions you have. Take care and stay well.