Got the PPP Loan? Now What?

For businesses that have received a PPP loan, the SBA has issued the Forgiveness Application.  We suggest the following:
1. Go to your lender first and begin the discussion of forgiveness.
2. Be prepared – Download it HERE. Know that it will take some time (like 3 hours) to complete, but complete it you must in order to have any or all of the loan forgiven.
For the full story, go to the SBA.gov.

Some other helpful tutorials

ADP has tools available to assist with the forgiveness process, with more to come. The ADP PPP reports used for loan applications are not intended to be used for forgiveness purposes.
Article from National Law Review. Read it HERE.
Article by Entrepreneur. Read it HERE.

Didn’t get a loan?

There is still funding available. As of May 16, the SBA indicates that Paycheck Protection Program (PPP) funds are available. Businesses interested in a PPP loan should apply quickly. You can find a lender on this list.

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