For most borrowers, it is time to start applying for PPP loan forgiveness if they haven’t done so already. The SBA has an excellent FAQ sheet answering most questions associated with the loan forgiveness application.
The Paycheck Protection Program (PPP) has been a lifesaver for many, providing much needed funds to keep businesses afloat and employees in jobs. Even better, if you have followed guidelines the entire loan will be forgiven. Those guidelines have changed to extend the covered period (8 to 24 week) and payroll ratio (75% to 60%) as it became obvious COVID would not be quickly going away.
If you have any questions or need help with the application, please don’t hesitate to contact FLX Business Services. Click HERE to make an appointment today - your first consultation is free!