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Small Business Paycheck Protection Program - Be Prepared

Posted by WG Consulting Marketing Team on Mar 30, 2020 1:59:50 PM
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Small Businesses and Non-Profits with less than 500 employees are eligible to receive potentially forgivable loans of up to $10 million related to the impact of COVID-19.

WG Consulting can provide expertise and support you with the following:

  • Understanding of the Eligibility Criteria
  • Identification and Preparation of Required Information

  • Filing Assistance

  • On-Going Monitoring of the Use of Funds

  • Applying for Loan Forgiveness, if applicable

The Paycheck Protection Program

Highlights of the Paycheck Protection (PPP) include the following:

  • Retroactive to February 15, 2020 and valid through June 30, 2020

  • Maximum loan amount of the lesser of 2.5x the average of the trailing 12 months of qualifying expenses from the date of loan OR $10 million

  • Restrictions on allowable uses

  • Maximum 10-year maturity not to exceed 4% interest

  • Forgiveness of loan if utilized to pay qualified expenses under the PPP

Engage WG to Get It Done Right

Our team brings the experience and sense of urgency to assist you in navigating the requirements of the PPP.

Roger Burks
Executive Managing Director/CEO
Tracy Tyler
Managing Director/Finance Practice Lead

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