The biggest buzz in the business world these days is the Paycheck Protection Program (PPP). It’s the $669 billion in forgivable loans from our government to small businesses enabling them to pay and keep their employees during the COVID-19 crisis. Loan forgiveness isn’t a given, of course—certain criteria must be met in order for the SBA to forgive a loan.
Something this comprehensive has lots of layers as well as regularly changing details. In our work with small businesses and entrepreneurs, we know that a program like this, while wonderful and needful, adds an extra burden to your financial management. That’s why we launched the Officeheads Academy DIY PPP Loan Forgiveness Program* to help small business owners:
- understand the ever-changing rules for PPP loan management
- use real-time data to calculate estimates for loan forgiveness and monthly loan payments for funds that may not be forgiven
Our program includes regularly updated PPP Guidelines, online tools to track eligible expenses, an online calculator to forecast forgiveness. If you do the hard DIY work to enter in the data, it will even complete the PPP Loan Forgiveness Application for you! The cost to participate in the program is $550, which is waived for black-owned businesses in support of #blacklivesmatter.
If you aren’t quite ready to register for our program but you know you need help getting or staying on track, check out our free weekly webinar, Officeheads Academy DIY PPP Loan Forgiveness. This 90-minute webinar is packed! Led by our CEO and founder Rebecca Berneck, this webinar summarizes the features of our DIY program, walks through the PPP FAQs interpreted by Officeheads, and hosts a Q&A portion for participants. It’s a great place to start sorting out the PPP details for your small business.
Whether you have already received PPP funds, are waiting to hear about your application, or wonder if your business can still participate, Officeheads is here to help. Officeheads gives entrepreneurs and creatives the financial tools, processes, and team needed to boost each business to its greatest success. Reach out today to rev up your business with Officeheads!
The Officeheads Academy DIY PPP Loan Forgiveness program includes Officeheads’ interpretation of the rules of the Paycheck Protection Program (PPP). // The rules and guidelines are for the Paycheck Protection Program Loan Forgiveness Application SBA Form 3508 (06/20) and SBA Form3508EZ (06/20); we still expect further changes. // The information provided is for general informational purposes only. Officeheads’ interpretation does not account for all of the nuances in the requirements but is meant to provide simple tools to educate and put into action the rules and best practices for record-keeping, monitoring, and reporting. // Do not rely solely on the information provided in this tool. It is not intended to be advice: financial, accounting, tax, or other. Please consult appropriate advisors based upon your specific circumstances. // No Professional-Client Relationship is created between you and Officeheads by participating in this program.