Paycheck Protection Program: Loan Forgiveness Q & A - Shared screen with speaker view
Who can see your viewing activity?
Paycheck Protection Program Intake Form in English: https://bit.ly/2BaPt1i
Paycheck Protection Program Intake Form in Spanish: https://bit.ly/2X8Ru6u
what is GAAP?
Generally Accepted Accounting Principles
Why are the monies being returned to SBA? What is the basis of businesses' fear?
I believe the concern is that PPP borrowers might not get loan forgiveness on a portion or all of the loan proceeds, or that they may be subject to an investigation if the money was used improperly or the borrower was not eligible for the loan.
I think this fear is justified. In my district, there are mostly Mom and Pops and they are worried that their accounting/bookkeeping is inadequate. How can this concern be allayed?
60n days is a long period of time to wait on the loan? Want can be done to help with liquidity while they are waiting?
Is there a cap on how much you can pre-pay for rent.utilities? Are pre-payments only allowable through December 31st?
Thank you for another very informative webinar.