Could your business use some extra capital? Of course! Every business owner could use more money. If you’re running a business and need some additional funds, we’ve got some good news and bad news for you.
Businesses that meet certain criteria qualify for the Paycheck Protection Program (PPP). If you qualify for it, you definitely want to take the government up on this offer.
They call it a loan, but these loans are forgivable (meaning they don’t have to be paid back) if they’re used for proper business expenses. In addition, the expenses you pay with the PPP money are tax-deductible.
Sounds great, right? It’s a big opportunity for all kinds of business owners. To make things better, The PPP Extension Act of 2021 has extended the program to May 31st or when the money runs out.
Read that extension info again, “…by May 31st or when the money runs out.”
In other words, this money might be gone fast. We’re talking within a couple of weeks.
If you don’t take advantage of this chance and complete your application right now for a first-or second-draw, you’ll be missing out on getting much-needed funds for your business.
You qualify for the loan if you:
The chances are pretty good you meet at least one of those criteria, and that’s all you need to get the loan. So, what are you waiting for? Fill out that application ASAP and get some financial relief!
If you have any questions or need assistance, we can help.
Integrated Tax is a woman-owned accounting firm with services tailored to each client’s unique needs and goals. We guarantee that every service we provide is essential and propels your goal.
Contact us today for a free accounting services consultation. We have locations in Prior Lake, MN, and Ft. Lauderdale, FL, and can provide service to surrounding areas.