Steps to PPP Loan Forgiveness

Many of you have applied for financial aid via the newly enacted Paycheck Protection Program.  We have begun to see the fulfillment of these funds, and an associated influx of questions of how to best use these funds. 
The Paycheck Protection Loan has a unique forgiveness feature.  The design of this feature is to encourage business owners to maintain and compensate a workforce during this difficult time.  If the funds are used in accordance with Section 1106 of the CARES Act, business owners can receive forgiveness of the loan proceeds on a tax-free basis.   Read More in the PDF article here.


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