On March 13, 2020, President Trump declared the ongoing Covid-19 pandemic of sufficient severity and magnitude to warrant an emergency declaration for all States.  On March 27th, the President signed the CARES Act to provide emergency assistance and health care response for individuals, families, and businesses affected by the coronavirus pandemic.

A part of the CARES Act was the unique Paycheck Protection Program, which provides small businesses with funds to use up to 24 weeks on payroll, business interest, rent, and utilities.  Businesses have until August 8, 2020, to apply for and receive a one-time disbursement of funds, based on their prior-year payroll records.

The uniqueness of this program is the fact that the funds received by the business can be 100% forgivable if certain guidelines are followed.  After a business has expended all of their funds, they are immediately eligible to apply for forgiveness of all money that they received from their PPP distribution.  Any money that does not qualify for forgiveness turns into a 5 year, 1% repayable loan.

Our service exists to help as many small businesses as possible get 100% forgiveness.  We have been following the rules and (multiple) changes of the program since the very day it started.  We continue to monitor, learn, and even memorize the program rules to make sure small businesses have the best chance at the forgiveness that they desperately need during these difficult times.