SBA Publishes PPP Loan Forgiveness Application and Advice
For those who have received Paycheck Protection Program (PPP) loans, the process to get them forgiven may seem daunting. Fortunately, on May 15, 2020, the Small Business Administration (SBA) published the application for loan forgiveness of PPP loans, as well as some helpful guidance to shepherd recipients through the process and clarify answers to the most common borrower questions. We’ve collected some of the most important takeaways for you.
Strategizing to Navigate COVID-19 & Its Aftermath
At Procida Funding & Advisors, we regularly speak with senior management when they’re under pressure. Acquisitions, turnarounds, and hyper growth are situations that we navigate frequently and with great detail. The impact of COVID-19 has thrown the entire economic environment into unprecedented territory. All conversations have shifted to putting out the fires caused by Shelter-In-Place orders and their impact on businesses. Every industry is affected differently— for example, restaurant, hotel, and hospitality industries are much harder-hit than businesses selling goods and services that cater to the needs of a nation suddenly stuck at home.
Any Problem You’ve Got,
Procida Has, SEEN IT AND FIXED IT!
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