Travis is an experienced CFO with startup to mid-size companies involved in financial services, E-commerce, urban healthcare, hospitality, real estate and travel management. He currently provides SMB companies with strategic business and financial advice in addition to managing day to day controller/CFO activities. His prior CFO and leadership roles include 3 credit unions (including playing an instrumental role in a takeover) where he learned to manage and improve systems, people and processes in a heavily regulated environment.
All small businesses should hold onto their PPP documentation for the foreseeable future, because the SBA hasn’t announced when the audit period is. It could be anywhere from three to six years after the loan is forgiven.29 July 2021
You can not allocate the same payroll dollars for ERC and PPP forgiveness.29 July 2021
The SBA could be ready to start accepting applications as early as Monday. I have heard most lenders would appreciate a rollout in January to prep their teams and systems.29 July 2021