Five Things Every Paycheck Protection Program Borrower Should Do After Receiving A Loan
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Did you get the loan? If so, please make sure you are on top of these 5 things:
Ensure That The PPP Funds Are Used Only For Allowable Uses
Work Closely With Tax Professionals To Maximize The Forgivable Amount
Maintain Proper Documentation To Substantiate Costs.
Look For Additional Tax Savings Under The CARES Act.
File an Application With The Bank After the 8-Week Period To Request Forgiveness Of Loan Amounts.