You successfully applied for the Paycheck Protection Program (PPP) -- Now what should you do? How do you comply to ensure your loan is forgiven?
Join us as we delve into how to successfully administer your PPP Loan to maximize your chances that it will be entirely forgiven. This webinar is great for people who have already received PPP approval or are expecting a PPP award. Keep in mind that the US Govt. may increase funding for this program.
Gerry Smith, Maui Economic Development Board (MEDB), Wayne Wong, Small Business Development Center (SBDC) and Robert Kawahara (Kawahara + Hu LLP) will answer:
• What costs are you allowed to pay?
• What should you do to maximize the opportunity for forgiveness of this loan?
• How can you prepare now to ask forgiveness 2 months from now?
• plus get a tool for tracking your loan expenses.
Get a chance to ask the experts questions pertaining to YOUR business.
This webcast is the third of an ongoing series - the COVID-19 Business Assistance Series, sponsored by the County of Maui, aimed at helping our small businesses navigate the resources available to them, with clear step-by-step instructions.
The Paycheck Protection Program provides small businesses with zero-fee loans of up to $10 million to cover payroll and other operating expenses. Up to 8 weeks of payroll, mortgage interest, rent, and utility costs can be forgiven. Payments on principal and interest are deferred for one year.
COVID-19 BUSINESS ASSISTANCE SERIES
Maui Economic Development Board (MEDB) presents an online webcast series to address the challenges businesses face as a result of the COVID-19 pandemic. Sponsored by the County of Maui, the COVID-19 Business Assistance Series provides relevant information and practical guidance to as many businesses as possible in a safe online venue. The webcasts can be viewed live or via the recording on any device and will help Maui County business owners determine their eligibility for which programs, with clear step-by-step instructions. As a service to the community in these uncertain times, the webcasts are free of charge. Guest speakers are featured to share their expertise and participants can post questions and answer polls. More topics will be explored to adapt to the changing landscape we pull together to meet the challenges facing all of us.
To see past webcasts go to http://www.mauibizassist.com