Many have heard and asked about the PPP Loan, also known as Paycheck Protection Program designed by our federal government. This is a way for business that is/has been impacted by the closure and/or delay of operations with staff, self employment, supplies, and other measures to apply for and use as temporary means to stay afloat.
If you have any questions or need guidance in regards to the PPP Loan, feel free to contact us.
What can a PPP loan be used for?
At least 60 percent of the loan must be used for payroll and employee benefits costs.
Payroll costs under the PPP include:
Note to all businesses: Govern your business accordingly.