The Paycheck Protection Program (PPP) is an SBA loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Learn more about the program.
Check out our video to learn more about the Paycheck Protection Program and Loan forgiveness process. Hear about recently enacted Legislation (Paycheck Protection Program Flexibility Act), new forms, and SBA/Treasury Guidance and issues for employers/borrowers to keep in mind.
The PPP Loan Forgiveness Application Webinar Series
PrestigePEO is here to provide step-by-step guidance to help your business successfully apply for PPP loan forgiveness. View our three-part webinar series below where Groom Law Group Principal, Seth Perretta walks us through the various components of the application and shares the latest legislative updates surrounding PPP loan forgiveness from Capitol Hill.
As announced in a recent press release published by the U.S. Department of Treasury, the SBA posted a revised, PPP loan forgiveness application implementing the PPP Flexibility Act of 2020.
The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions of the new EZ application form.
Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.”
Our HR business partners have prepared documents to assist our clients with the Paycheck Protection Program loan process.
Please contact your HR business partner to get the documentation listed below to complete your PPP loan application.