Community Group

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I'm agree with Ami and would expand on his comment about "risk of not being approved". Take the conversation to your MSLP lender and propose the offer to payoff the debt prior to loan approval. Your desire to minimize their... (More)

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Main Street Lending Program

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Rishi - I believe you would have to repay it before applying for the loan - which would create the risk of not being approved.

Aaron commented 12 days ago

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When is it safe to terminate employees?

Asked a question 17 days ago

When is it safe to fire employees? We're using the 8 week covered period. Do we need to wait until June 30th or is it safe to terminate employees now?

Per the U.S. Treasury Department, you can submit for loan forgiveness at anytime during the 24 week period. It's also mentioned on Page 9 of the Interim Final Rule >

https://home.treasury.gov/system/files/136/PPP--IFR--Revisions-to-Loan-Forgiveness-Interim-Final-Rule-and-SBA-Loan-Review-Procedures-Interim-Final-Rule.pdf15

I also like a lot of what Rebecca is... (More)