PPP Loans Funding 4/22/20

We have seen some of the PPP loan applications we helped clients submit be successfully funded. These loans are forgivable (converted to grants) if the funds are used to maintain employee payroll. While the funds available for these loans have all been expended at the time, I am writing this, congress has just approved another $320 billion to make additional funding available. If you are a small business that has not yet applied for one of these loans and have payroll, now is the time to get your ducks in a row so that you can submit your loan documents before this new funding runs out. For more information on these loans see the “Coronavirus (COVID-19) Information” on our website.