Debt forgiveness is an important part of the CARES Act and the SBA. While we are still waiting for SBA guidance regarding the specifics of debt forgiveness, the Bonadio Group highlights the different interpretations of the CARES bill surrounding debt forgiveness and what businesses need to be aware of when spending their PPP funds after the 8 weeks of receipts. It also discusses the interaction between payroll tax credits and the PPP loan. Lastly, it highlights the terms sheets regarding the MainStreet loan program that is expected to launch in early May.
To access this very helpful webinar from the Bonadio Group click HERE.
To access the slide from the presentation click HERE.
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