Manage episode 266071549 series 1923829
In episode 276 of Financially Simple, Justin looks at the Pay-check Protection Program Loan Forgiveness Application.
With the on-going COVID-19 pandemic, new legislation is in the works to help Small Business Owners keep their business running. Justin goes over the PPP Loan Forgiveness Application, step-by-step, to help Business Owners understand how it works and how to fill it out.
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02:05 - The PPP Loan Forgiveness Application
03:39 - Modifications to the Cares Act
07:34 - Exceptions
09:28 - Cover Period
11:05 - How the Calculation Works
13:08 - Compensation
16:51 - Other Types of Obligations
17:52 - The Calculation
20:43 - Documentation
24:26 - Unable to Operate
25:10 - Summary
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.