The SBA released the official form needed to apply for forgiveness of your PPP loan (SBA Form 3508).
PPP forgiveness has two steps:
- Utilizing your PPP funds in accordance with the guidelines
- Recording and reporting your PPP funds…
Process Guidelines and Checklist of Documents
Small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for a long-term low-interest loan due to Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide…
Are you ready for year end?
At the end of the year, it’s very important to review your business financials as this information will be used to prepare your tax returns. It’s important for you to review and understand your business financials regularly throughout the year so that you catch errors and analyze the performance of your business. Always knowing the status of your business allows for planning and, if needed, a change of plans before it’s too late.