Paycheck Protection Program (PPP) Debt Forgiveness – Action Items

Clients and Friends, We have put together the attached, with input from our CPA and banker, as a guide and to answer the numerous questions that we are receiving from our clients regarding the debt forgiveness piece of the PPP. We have also put together Excel worksheets that we will be using to assist our clients on tracking their PPP expenses and the 75/25 ratio. The 2nd round of PPP applications will be uploaded to the SBA portal on Monday morning (or so we were told!). Best of luck if you did not get funding in the 1st round. If you have any questions, please do not hesitate to contact me or your B2 team member. Download it here.

 

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