The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
SVA is here to assist you in applying for these loans. On our COVID-19 website page, we have created a resource for you that is a checklist for you to follow AND the application itself. Your SVA CPA can complete portions of the application for you, but as the business owner, you too have areas on the application that are a must for you to complete. The checklist will guide you. After you have completed the items on the checklist, please email your CPA to complete the rest of the application and schedule a conversation to review.
The PPP Loan Application and Checklist is listed under ADDITIONAL RESOURCES on the right hand side of the page.
