To our valued clients,
As we transition out of 2020, we aim to provide information, direction, and clarity to all of you. As your trusted advisors we can help you make sense of the last year and the potential economic impacts on you and/or your business. Read the following for information on PPP Loan Forgiveness, SBA programs, and Employee Retention Credit (ERC.
If you feel you or your business is at immediate economic threat, please call and schedule a meeting with one of our expert advisors.
Kindly remember the legislation is new, complex, and will ultimately be administered through SBA-approved financial institutions (i.e. your local bank). Our role is to help you make the most valuable use of your time by focusing on readiness and response.
Here’s How You Can Prepare Today
SBA 7(a) Loan Program:
The most popular loan program provided by the SBA, click the link to learn more about eligibility and ways to apply.
SBA Loan Necessity Questionnaire:
As of July 2021, the SBA no longer requires loan necessity reviews for loans equal to or greater than $2 million. For more guidance, read the article linked below.
Employee Tax Credit (ERC):
1st & 2nd Round PPP Loans:
Applications for the Paycheck Protection Program closed May 31st, 2021. For forgiveness details read the latest from the SBA below.
PPP Loan Forgiveness
“Hardships often prepare ordinary people for an extraordinary destiny.” C.S. Lewis