You may have heard, overnight the Senate passed the “Paycheck Protection Program Flexibility Act of 2020” and has sent it to the President for signature. This legislation updates PPP rules and regulations, including, but not limited to, a timeline extension and an increase in the percentage of loan proceeds that may be spent on non-payroll costs.
vcfo invites you to join three of our financial experts to discuss the impact of this new legislation on your business specific to navigating and calculating debt forgiveness. vcfo’s Ashford Chancelor, Dallas Practice Manager and Consulting CFO; Chris Hysinger, Consulting CFO; and Jennifer Lennarz, Consulting CFO; will provide information on understanding the program.
The forgiveness application form is lengthy and filled with complicated calculations, all of which impact forgiveness eligibility. Generating a strong, defensible document for presentation to your bank and the SBA is critical. You have one shot at this – get it right! Tap into our expertise in helping you make the best decisions for your unique business circumstances.