Video Alert: PPP Loan Proceeds and Forgiveness Considerations - Things You Need to Know
By Terry W. Vincent on May 6, 2020
Shelby Ranier discusses recent developments in the Small Business Administration’s Paycheck Protection Program (PPP) loan program. In this brief video, Ms. Ranier discusses what businesses need to be aware of for tax purposes, return of proceeds, and proper documentation to ensure the maximum amount of loan forgiveness. Further, she notes some key questions that remain on the minds of business owners as we await additional guidance in the coming days.
It is important that borrowers work with their professional advisors to ensure that all requirements for the PPP Loan Program are met. Whether it’s preparing a PPP loan application or helping business owners achieve maximum loan forgiveness once a PPP loan has been funded, the attorneys at Brouse McDowell are dedicated to helping small business owners navigate this process.