Early SBA loan funds dried up fast, but a new relief package is on the way. We know businesses had questions during the first installment of loans, and they still have many unanswered questions.
As you’re well aware by now, these are unprecedented times, and you likely have more questions than answers about how your business can weather the storm. Many are calling this a “black swan” event, an extremely rare occurrence that came as a surprise and was not preceded by any concerted preparation.
During this COVID-19 crisis, some of the most common questions we’re hearing are about how to secure a Paycheck Protection Program (PPP) loan from the Small Business Administration (SBA). As you can imagine, it’s not as simple as just asking for money. And while the loans are forgivable, there is some complexity and even more questions around the requirements it takes to forgive the loan.
With offices shut down throughout the world, many businesses have been forced to adapt to a new work-from-home environment. For some, this change has not been easy. However, some businesses had already been ready, and we are fortunate enough to be one of them, which ensured our clients didn't miss a beat with us.
Looking out for vulnerable members of our communities is our Foundation’s highest priority and a mission of our firm as well. To help assist our at-risk populations we have created two guides, one for the elderly and one for low-income individuals and families.