Tuesday, March 31, 2020
To our loyal clients, friends, and family:
Many of you are busy preparing to apply for the Paycheck Protection Program (PPP). We suggest business owners get ready to apply now, and we’re here to help.
While there is still no guidance as of today, and banks may still require additional information, business owners can proactively prepare with the sample application provided.
Our team recommends downloading the sample PPP application to review what will be requested for your business. Our COVID-19 Response Team is standing by to help, including our on-going webinars taking place over the next two weeks.
Please note that although the SBA released its application today, note that as stated on the application, it cannot be filed until Friday. The anticipated guidance from SBA relating to the application has not yet been released. Remember that banks will require additional information. Based on information received from bankers, be prepared to send last 12 months of payroll reports, beginning with last payroll date. Reports should include detailed compensation information for each employee.
We’re proud to be your partner in navigating these continuous changes.
Your AGP COVID-19 Response Team
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