The PPP Loan Forgiveness Application - How to Fill Out

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By Justin Goodbread. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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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TIME INDEX:

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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BIO:

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.

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