Paycheck Protection Program (PPP) Loans
The program would provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker after the crisis. PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year.
Click here to see the checklist.
While it may be easy to read, the details are not always easy to understand.
Contact your GMP advisor if you need assistance understanding the loan program and if it is the right fit for your business.
If you do not have a GMP adviser click here so that we can arraign a time to meet with you.
Clint is the Business Development Manager for Gollob Morgan Peddy.