While the current round of Paycheck Protection Program funds have run out, watch this webinar so you’ll be prepared to apply for the loan as soon as the federal government releases additional funds (pending approval by Congress and the White House).
The CARES Act’s Paycheck Protection Program (PPP) Loan Guarantee is designed to provide a direct incentive for restaurants (and other small business) to keep their workers on payroll by providing each small business a loan of up to $10 million for payroll, rent, mortgage interest, and utilities. That part is clear. What isn’t as clear are the eligibility requirements and how to ensure that the loan is forgiven.
- Ward Hieronymus, President & CEO, Coastal Hospitality
- James Wishon, CPA, Hieronymus CPAs & CFO, Gumbo Bros
In this roundtable webinar, experts from Coastal Hospitality, an accounting firm specializing in the restaurant industry and Hieronymus CPAs help dispel some of the confusion surrounding the Paycheck Protection Program. The webinar focuses on the basics of the PPP, including:
- How to apply
- Documentation requirements
- Loan forgiveness
Coastal Hospitality and Hieronymus CPAs have filed hundreds of PPP applications, helping their clients navigate the rough waters of this complicated loan program. Watch the webinar to get clarification on your questions regarding the Payment Protection Program and how your restaurant business can benefit from it.