312: How to Apply for PPP Forgiveness

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 21 October 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With the SBA’s release of the new Simple application and the EZ application, banks are starting to take applications for forgiveness. Mark and Mat break down the issues and what you need to know to get started with your App. More information about their newsletter and other educational resources at www.mainstreetbusinesspodcast.com Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Busines...

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome, everyone to the Main Street business podcast with Matt Swanson and Mark Kohler.
0:12.5	We are excited to be here, of course, talking about a topic all of us need to get a little educated on.
0:19.7	Forgiveness.
0:20.6	Yep, we need forgiveness we all need
0:22.3	it yeah we're gonna be we're gonna be throwing out holy water we're you guys are all going to
0:26.7	just feel a little better when this is all over today that's right you'll you'll know the steps
0:32.1	to go get forgiveness and turns out there's actually an application for it. I just go out and sign it.
0:40.5	The application is really the confession part.
0:44.2	But you know, you can do it from home now.
0:47.6	Yeah.
0:48.2	Thanks to COVID.
0:49.5	You don't have to go anywhere.
0:51.0	Yeah.
0:51.6	Yeah.
0:52.2	Now this, this forgiveness application is for your SBA paycheck protection program, your
0:58.8	PPP loan.
1:00.1	Remember this loan?
1:01.1	Many of you small business owners out there rushed out and got after the CARES Act went
1:05.5	into place in March.
1:06.7	There are the lines and banks were turning people down, not getting people in fast enough.
1:11.0	Well, a lot of people got those loans.
1:12.7	Trillions of dollars went out on it.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.