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PPP Forgiveness – How to Get the Application Right as a Self-Employed or Sole Proprietor Business
August 26, 2020 @ 4:30 pm EDTFree
SCORE Santa Barbara continues the webinar series in support of small businesses during the Covid-19 crisis.
This session focuses specifically on companies that used owner draws as part of the loan calculation and want to include owner draws in the forgiveness application. These are typically sole-proprietors, LLC’s and S- Corporations. Please refer to your PPP application to determine whether your business fits in this category.
Businesses with W-2 salary as the only wages covered by the PPP, please register for our webinar specific to these entities on August 27 at this link.
Our panelist will discuss how to approach and complete the forgiveness application for your Payroll Protection Program (PPP) loan.
We will cover these topics:
- Brief overview of the SBA forgiveness rules
- Review of the applications forms and process
- Collecting the required information
- Creating qualifying expenses summaries
- What information goes where on the application.
There will be Q&A sections in this webinar. However, we encourage you to submit your specific questions in advance during the registration process.