PPP Forgiveness Recommendations from a Small Business CFO
When should you apply for PPP forgiveness? Should you wait for blanket forgiveness? What documents do you need for PPP forgiveness? What should you be doing NOW to prepare for your forgiveness application?
All these questions are swirling around in the heads of PPP borrowers right now. Banks have been all over the map with accepting applications. The SBA has been holding onto applications that have already been submitted. The President has called off stimulus negotiations until after the election. Blanket forgiveness is not looking likely anytime soon.
As a small business CFO company, we have been helping clients with the PPP forgiveness process. We have helped them determine when to apply, what documentation to apply with, and what to keep in the “audit” file.
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.