If you’re a small business owner and haven’t applied for the PPP loan, I have one question for you: “Why not?”
The Paycheck Protection Program (PPP) was established by the CARES Act in March to support small businesses and help them survive the COVID-19 pandemic. The primary goal of the program is to provide small businesses with cash to keep or rehire their employees and cover certain overhead expenses. Allowable (and forgivable) expenses include payroll, benefits, rent or mortgage, and utilities – the most critical costs to cover and stay afloat during coronavirus.
If you’ve dismissed this program before or […]