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Paycheck Protection Program: Loan Forgiveness Q & A - Shared screen with speaker view
Michael Brady
36:42
Paycheck Protection Program Intake Form in English: https://bit.ly/2BaPt1i
Michael Brady
37:24
Paycheck Protection Program Intake Form in Spanish: https://bit.ly/2X8Ru6u
Lisa Miranda
01:00:33
what is GAAP?
Michael Nixon
01:02:17
Generally Accepted Accounting Principles
Ken Brown
01:04:03
Why are the monies being returned to SBA? What is the basis of businesses' fear?
Michael Nixon
01:05:51
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.
Ken Brown
01:08:26
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?
Ken Brown
01:09:18
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?
Ken Brown
01:25:16
Is there a cap on how much you can pre-pay for rent.utilities? Are pre-payments only allowable through December 31st?
Michael Brady
01:42:55
https://dol.ny.gov/unemployment/employer-unemployment-insurance-information
Wayne Kye
02:02:53
Thank you for another very informative webinar.