Your Business Received a Paycheck Protection Program (PPP) Loan – Now What?
SCORE Southwest Florida to Host LIVE Webinar on
How to Maximize Your Chances for Loan Forgiveness
May 22 Noon-1pm
Fort Myers, Fla., May 18, 2020 — SCORE has gone fully virtual to continue providing critical mentoring services to businesses in need during this especially critical time. The question most asked today is what to do once a business receives a PPP loan. Join two of SCORE Southwest Florida’s top financial management mentors as they help to cut through the confusion of ever-changing PPP regulations and explain how businesses can maximize the use PPP funding can maximize use of PPP funds and keep track of key expenses.
This live presentation will answer key questions regarding the management and tracking of business PPP funds to include:
- What qualifies for loan forgiveness? What are “payroll costs” and how do I determine mine?
- How do I calculate the amount of the PPP that will be forgiven?
- What could to trip me up? Where are the potholes?
- What happens if part of the loan is not forgiven? Should I really try to get it all forgiven? Is there a scenario where that is not the best strategy for use of the PPP funds?
- How and when do I apply for forgiveness?
Register in Advance: https://southwestflorida.
SCORE’s Volunteer of the Year, Ben Simmons, is a retired CPA and Partner with Deloitte and Touche, one of the “Big Four” public accounting firms and the largest professional services firm in the world. He will lead the discussion with retired CPA James E. Bolinger, a former Managing Partner of a nation-wide consulting practice.
Visit our Coronavirus Small Business Resource Hub for COVID-19 on our website for business assistance and information on SBA loans and the CARES Act.
ABOUT SCORE SOUTHWEST FLORIDA
SCORE Southwest Florida is a local chapter of SCORE with more than 35 volunteer business experts. SCORE, America’s premier source of free and confidential small business advice for entrepreneurs and small businesses, is funded in part through a Cooperative Agreement with the U.S. Small Business Administration (SBA). Since 1964, SCORE has helped more than 11 million aspiring entrepreneurs. Each year, SCORE’s over 10,000 volunteer business experts provide hundreds of thousands of free small business mentoring sessions and local/online educational services to clients at all points of their business lifecycle through 300 chapters nationwide. In 2018, SCORE volunteers provided 4.36+ million hours to help create more than 32,000 small businesses and 103,000 full-time, part-time and contractor jobs. In 2018, the Southwest Florida Chapter supported 64 new business starts and the creation of 217 non-owner jobs and continued to be rated in the top 3% of over 300 SCORE chapters nationwide for client satisfaction. In 2019, SCORE Southwest Florida delivered 1,516 services to the community, mentoring 377 clients in 986 mentoring session with 52% in-business and 530 attendees at local and online SCORE workshops. For more information: www.southwestflorida.score.org.