On April 30, 2020 Koontz & Associates, PL & Koontz & Parkin, CPAs tackled the new guidance on who should be receiving PPP loans, what factors to consider when determining good faith certification and loan forgiveness.
5:08 Good Faith Certification. What is it?
8:17 Timeframe for your economic condition.
15:13 Adverse Impacts to Business
15:55 Liquidity and Access to Capital
20:30 Location and Nature of Business
23:52 Risk Tolerance Loan Forgiveness
24:50 New guidance and examples.
39:40 Unemployment application. Date of application and reapplying.
40:30 EIDL Loans: Out of funds, currently not recieving applications, using the funds.