As of May 29th, more than $510 billion and 4.4 million Paycheck Protection Program (PPP) loans have been approved. But many business owners are struggling to understand the path to PPP loan forgiveness.
After weeks of anticipation and evolving new guidance, it appears the Small Business Administration (SBA) is coming down the final stretch on forgiveness after having released some fairly substantial updates over the past two weeks: a PPP loan forgiveness application, two new interim final rules, good-faith clarification, and more.
This latest guidance will also beg the question for many businesses who have stayed on the sidelines – is it time to reconsider PPP? There is still $150B+ left in the program, and there are serious legs to the rumors that forgiveness may undergo some game-changing “covered period” updates in the coming week(s), so perhaps it’s time to think again?
To help companies better understand and maximize their PPP proceeds, SC&H Group will host a webinar on June 2 at 11 a.m. ET.
SC&H Group tax experts, Jim Wilhelm, Greg Horning, and James Eaton, will discuss:
- How to navigate the PPP Loan Forgiveness Application
- What we've learned from the past couple weeks of new guidance
- Advice on the latest guidance and recommendations and how to design and execute a strategy in order to best position your organization
- Documentation requirements
- Key open items we’re anticipating to see addressed
To learn more or register for the free webinar, click here:The Path to PPP Forgiveness.
