Take These 3 Essential Steps Immediately For Up To 100% PPP Loan Forgiveness – Forbes
The most attractive aspect of the Payroll Protection Program (PPP)—the possibility of up to 100% loan forgiveness—is still shrouded in a daunting combination of governmental vagueness and public confusion. Which is too bad, because the program (which is about to receive a second influx of cash) was designed for these loans to be forgiven if used for their intended purpose.
That’s why this article is so important. Below, I’ve had the small business consultants at CFOShare, a firm that advises on business maintenance and growth, distill three steps for my readers that should, based on currently known information, give you the best chance of maximum PPP loan forgiveness. (Note: You’ll apply for forgiveness through your bank at the end of the 8-week period we discuss below. As with the initial loan application, each bank’s process for this will differ.)