The Paycheck Protection Program – the key employment stabilization component of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, 2020 – is intended to incentivize companies with fewer than 500 employees to keep staff during the difficult COVID-19 economic conditions. And for borrowers, the PPP’s most attractive element is its potential for loan forgiveness.
The PPP Loan Forgiveness Application – What You Need to Know
On May 15, 2020, the Small Business Administration (SBA) announced its long-awaited forgiveness rules through its release of the PPP Loan Forgiveness Application. While Treasury prepares to issue “regulations and guidance to further assist borrowers” – you need a team that can help you navigate the process while you focus on your business. Herbein – We’re here for you.
The PPP Loan Forgiveness Application – Key Points
Herbein is now able to provide a comprehensive evaluation to determine loan forgiveness. Did you know:
Our Process = Your Peace of Mind
Based on the SBA’s current guidance, our experienced professionals will deliver the timely, efficient services that help businesses determine their level of forgiveness.
Talk to us today: Reach out to your Herbein advisor or complete the form below.