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:
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
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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.