Although PPP forgiveness is a foremost topic on the minds of borrowers, many experts say borrowers should not rush to apply for forgiveness.
You don’t need to rush your PPP Forgiveness Application. Things are in flux, but you can get your financial information in order at this time.
Last week, the President signed the Paycheck Protection Program Flexibility Act into law. Burkland has highlighted some important updates.
The most recent PPP loan forgiveness information for allowable expenses during the 8 wk period. Clarification on specific questions asked by businesses.
The Federal Reserve’s Main Street Lending Program is a miss. Two of the three MSLP program sleeves are calculated using EBITDA.
How a shift in startup growth psychology can save you during the COVID-19 crisis. Startups struggle to move ahead in a flat environment.
PPP loan forgiveness is very complicated. Burkland’s comprehensive guidance and recommendation on setting your company up for full PPP loan forgiveness.
Important clarifications in Burkland’s Covid-19 Resource Center on payroll taxes for startups who applied for PPP loans.
The latest (4/9) Treasury Department clarification regarding shareholder affiliation, salary caps plus the lastest listing of banks participating in the CARES act.
Latest (4-7-2020) CARES Act and PPP info summarized with the new critical developments. Payroll costs do not include independent contractor costs.