The U.S. Small Business Administration (SBA) has released a new, simpler loan forgiveness application for the Paycheck Protection Program (PPP) loans of $50,000 or less. The new form streamlines the PPP forgiveness process by providing financial and administrative relief to America's smaller businesses.
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Presented by Rex Ours, CPA and David Knecht, CPA, CVA, MAcc
You have your PPP loan, the clock has started, now what? The next step is to spend it during your eight week window in a way that maximizes loan forgiveness. How do you do that? Watch and see below.
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The Boston Consulting Group (BCG) has recently made available their Rapid Response Checklist to help navigate through this Coronavirus crisis. This checklist provides numerous timely suggestions for dealing effectively with this crisis. BCG lists out a number of suggestions and issues to consider. Reviewing this checklist might help to be sure you have not overlooked critical components needed to successfully traverse this rocky terrain which will likely continue for a while.
Read MoreTags: MKW News, Accounting, Updates, Forecasting, coronavirus, financial crisis