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Stableford Capital Insights
Explore the latest market updates, company news, and helpful resources from your Stableford team.
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Maximizing Loan Forgiveness Under the Paycheck Protection Program
July 8, 2024
|
Posted in
Asset Management
Business
Tax
|
Written by
Mark Barone
Many companies that were approved for the Paycheck Protection Program (“PPP”) have already received the loan disbursements and we expect many more awaiting funds to receive them over the next few weeks. The most attractive feature of the Paycheck Protection Program is the loan forgiveness. In order to take advantage of this feature, we recommend that companies should prepare to use these funds in a way that will maximize the loan forgiveness amount. Here we provide a list of actions to help do this.