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Paycheck Protection Program (PPP) Loan Information

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was recently enacted to help individuals and small businesses affected by the Coronavirus pandemic. One part of the act, the Paycheck Protection Program (PPP), provides SBA backed loans to small businesses to help cover payroll and certain other costs. The proceeds of the loan may qualify for 100% forgiveness if used under certain terms. Click the link below for details on whether your business qualifies. You can also view an example of the application form.

If you have already applied for a loan and have been approved, our office has developed a process to help you monitor the 8 week period after receiving the PPP funds.  Our process can help some clients estimate the forgiveness portion of their loan and in some instances aid them in their decision making to help maximize the forgiveness portion.  We are stressing to clients that this PPP funding is foremost a 2-year loan which has a very favorable 1% annual interest rate. If certain criteria are met, it is possible a portion of the loan will be forgiven. The computations and possible loan forgiveness consist of a complex set of variables and rules, some of which are subject to further guidance expected to come from the SBA in the coming weeks.


If you're interested in having our office put together a projection, please contact an advisor at one of our offices. We will provide you with the information we will need to help project the possible loan forgiveness.