PPP and Stimulus Package Update and Q&A – October 23, 2020 (LIVE STREAM)
Thanks to everyone who joined my live video this Friday, October 23, 2020. The biggest focus of this time was to update everyone on the status of a PPP standalone bill and a second stimulus package likelihood. We also had a Q&A session for some of the questions on the live stream.
PPP forgiveness activity is increasing as the banks are beginning to open up forgiveness portals and starting to notify customers. However, borrowers with loans less than $50k can use the 3508S form, but many banks are not yet ready to accept those loans. What banks are taking PPP forgiveness applications?
PPP forgiveness applications and the timing of forgiveness seem to be hot topics on people's minds. Stay tuned for more videos on forgiveness documentation guidelines.
Getting maximum forgiveness for your PPP loan is our goal in putting this information out in the world.
Find Small Business PPP Resources here: http://learn.claracfo.com/
To book a time to talk about your PPP Loan go here: https://claracfo.as.me/claritysessions
Find us at: https://claracfo.com/
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Clara CFO Group, LLC or its members cannot be held liable for any use or misuse of this content.