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Kendall E. Matthews PresentsAuthor: Kendall E. Matthews
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PPP Forgives New EXPENSES // PPP 2 LOAN Open Jan. 13
Episode 1
Wednesday, 13 January, 2021
In this episode, you learn what the PPP loan covers and how you can use the PPP Money. 📈 Subscribe to my email newsletter for exclusive content HOW SOON CAN I GET A PPP MONEY? Community finance institutions can start issuing PPP loans to companies on January 11, all approved finance institutions can start two days later on Wednesday, Jan. 13. The interest rate is still 1 percent. What kinds of expenses can a PPP loan cover under the new rules? While the program was initially limited to payroll expenses, the new PPP funding can also be spent on a range of new expenses including operations expenditures, property damage costs, supplier costs, and worker protection expenditures. The rules for how PPP funding can be spent are included on page 48 of this document. (SBA) Sources “Guidance on Accessing Capital for Minority Business Owners, Veteran Business Owners, and Women-Owned Business Owners.” “Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans” “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended” SBA Programs - Scams and Fraud Alerts News Sources: https://www.cnbc.com/2021/01/08/small-businesses-can-apply-for-ppp-loans-starting-jan-11.html https://www.washingtonpost.com/business/2021/01/08/sba-ppp-loans/ https://www.journalofaccountancy.com/news/2021/jan/sba-treasury-issue-ppp2-guidance.html VISIT OUR EPISODE PARTNERS: Get The Energy You Need To Keep Getting More Done. Discover How with BIOptimizers ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ I provide business technology and marketing software advice. I help service-driven small businesses lower overall costs, automate, and unify communications to reach more customers. 🗓️ Schedule 1:1 High-Level Planning Session w/ me ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ USEFUL: 💰 Get $300 for Personal or Refinance Student Loan from Sofi 💠 1 Month Free with Best Note Taking App from Evernote 💠 Get $10 Credit from Streamyard Livestream Software 💠 Free Email Marketing & Landing Pages with Aweber VIDEOS: 🤑 Small Business Grant ONLY Videos PROGRAMS: 🏡 Learn Real Estate Land Investing 🏡 Buy Non-MLS Real Estate in Select US Cities
