We know many of our clients are anxious to apply for loan forgiveness and rightfully so.  You know you have the expenses.  You know the SBA has published the application.  You know you are ready to move on……but wait, maybe not so fast.  Below is an article from the AICPA suggesting not to rush into applying for forgiveness as we do not have final guidance from the SBA.

5 reasons borrowers shouldn’t rush their PPP forgiveness applications

What are we doing?   

We too are anxiously awaiting guidance from the SBA and updates to loan forgiveness calculators.  We are staying in touch with our local banks to see when they will start accepting applications.  We are preparing our tools and hope to launch them by the end of July including comprehensive questionnaires and checklists of information needed.  We are here to help!

Visit www.mwcpa.com for all of our PPP resources including the most recent PPP forgiveness applications, loan forgiveness calculators, FAQs and our past client communications.