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In March and May Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Paycheck Protection Program, which includes more than $670 billion in financial assistance to businesses. As of May 6, 2020, more than 2.4 million loans, worth more than $183 billion, have been approved as part of the second round of PPP funding, according to SBA data.
A PPP loan, which can reach up to $10 million, can be the much needed cash flow a business needs now to survive the COVID-19 era. And for some, the appeal of a PPP loan increases if they believe they’ll have their loan forgiven. But the key is meeting all of the criteria.
On May 19th, WendroffCPA will be partnering with Atlantic National Bank to host a free webinar to discuss how to maximize the Paycheck Protection Program Loan forgiveness.
We will also discuss the following topics:
You can register for the webinar at this link: https://attendee.gotowebinar.com/register/7227548832558328076.
For more information please reach out to Darren Wendroff, the firm’s communications director, at darren@wendroffcpa.com.
