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The Department of Treasury has made available information about the Paycheck Protection Program and supplemental information available on its website. You can download the application online.
In preparation of working with impacted clients, CPA firms should review:
Also, be aware that the lender guide lists accountants as approved agents of loan applicants.
As a reminder, funds from this program:
While the application and documentation requirements are simple, make sure you review all the documents before advising any clients. Additionally, consider your clients’ intentions with other Small Business Administration loan programs when advising them on funding possibilities.