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PPP Update – Loans under $150k – August, 26th 2021

If your PPP loan is under $150k, the SBA has made changes that may be advantageous to help YOU get your loan forgiven faster. Here's the PPP update: A while back, I mentioned to you guys that the SBA has created a loan forgiveness platform https://directforgiveness.sba.gov/. Well, this thing is LIVE now and ready to roll! It has already processed over 340,000 loans for forgiveness. The catalyst for this portal was really to help the lenders out who were having a hard time processing the forgiveness request. This streamlines the process and helps the banks out a lot. The C -O - V - I -D Revenue Reduction Score also helps small businesses a lot - remember this ONLY applies to PPP2 loans. Get your FREE 3508S for loans under $50k calculator here: https://claracfo.podia.com/ppp-forgiveness-calculator-3508s _______________________________________________________________________ Get help with our PPP workshop/course for loans under $50k here for only $47: https://claracfo.podia.com/3508s-course-how-to-get-your-ppp-loan-forgiven-loans-under-50-000 If you have a loan between $50,000-$150,000, we have a PPP forgiveness workshop for that too: https://claracfo.podia.com/53c8a9d1-8720-4189-88dd-06fafbe431a2 For 1:1 help with your PPP or EIDL loan, book a time with Hannah to discuss your forgiveness here: https://claracfo.as.me/claritysessions 💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a free trial AND 12 months 50% off! https://claracfo.com/QBO 🙋‍♀‍Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto (As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases) Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group 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.

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