Sweeping Changes to the PPP Program: What You Need to Know

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Thursday, June 11, 2020Description :
Established by the CARES Act, the Paycheck Protection Program (PPP) has been implemented to provide small businesses with the funds to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. On June 5, 2020, the Paycheck Protection Program Flexibility Act was signed into law which includes a variety of changes made to the program which are very favorable to small businesses. Join Natalie Westfall, Vice President of Financial Services for Henry Schein and the emergency loan consulting professionals with Grassi Advisors and Accountants for a comprehensive update on these sweeping changes, including: •Qualifying for loan forgiveness •The time that recipients have to spend their funds •The portion of PPP funds that must be spent on payroll costs vs. rent and utilities •The minimum term period •Deadline to rehire workers For more COVID-19 resources: https://www.henryschein.com/COVID19ResourceCenter https://www.henryschein.com/COVID19EducationCenter Rely on Us. Learn more at henryscheindental.com Subscribe to our channel at http://bit.ly/HSDsubscribe Connect with us on: Facebook – http://facebook.com/HenryScheinDental Instagram – http://instagram.com/hscheindental Twitter – http://twitter.com/HScheinDental LinkedIn – http://linkedin.com/showcase/henry-schein-dental

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