Many of the 1.6 million applicants who received (or will receive) PPP funding are now focused on the loan forgiveness provisions. The bank has done their part to get you your money, so now it’s time to strategize around maximizing the benefits of the program, which include all or a portion of the loan being forgiven and the forgiveness being exempt from federal taxes. DHG provides the guidance and assistance with loan forgiveness strategy and calculations.
DHG has created a loan forgiveness calculation model that can be adapted to your needs to focus on a strategy for maximizing forgiveness and the related tax benefits. We can help you:
At DHG, we want to be part of your solution. Please reach out to one of your DHG team members or email our SBA and Coronavirus Legislation Task Force with questions or if you need assistance.
During this week's segment on the PPP loans, Denny walks through the two most recently release IFRs 14 and 15 that provide more insight around the loan forgiveness application, process, timeline and clarity around the costs that are included in the forgiveness calculation.
Now that the safe harbor date has passed, Denny Ard distills down the recently issued SBA loan forgiveness application provisions and much needed guidance for PPP borrowers.
Join Denny Ard as he discusses the latest SBA FAQ guidance on good faith certifications and the extension of the PPP certification safe harbor repayment date to May 18, 2020.
Denny Ard, Managing Partner of the DHG Solutions Lab, provides an overview of the SBA's focus on issuing guidance on PPP loan forgiveness and insight into other guidance and questions that are top of mind for participants.
Denny Ard, Managing Partner of the DHG Solutions Lab, provides an overview of the SBA PPP loan process and current considerations given updates in the guidance and questions that are top of mind for participants.