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13 04, 2021

Forgiveness Information for PPP Loans

2021-04-13T15:49:43-05:00April 13th, 2021|COVID-19, Small Business|

Links to Forgiveness Applications FORM 3508S FORM 3508-EZ FORM 3508 Forgiveness conditions of the Paycheck Protection Program The funds from your PPP loan can be used for the following purposes: Payroll—salary, wage, vacation, parental, family, medical, or sick leave, health benefits Mortgage interest—as long as the mortgage was signed [...]

13 04, 2021

Am I eligible for the new round of PPP?

2021-04-13T15:26:10-05:00April 13th, 2021|COVID-19, Small Business|

Am I eligible for the new round of PPP? Companies with 300 or fewer employees who suffered a 25% drop in any quarter’s revenue from 2019 to 2020 are eligible for the second round of PPP. This means a 25% or more reduction in gross income from any quarter in 2020 relative to that same [...]

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