Your Paycheck Protection Program Loan Questions, Answered

GNYADA Communications
April 20, 2020 / 2 mins read

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You have questions about the Payroll Protection Program.
GNYADA is providing answers.

The CARES Act made $350 billion in Paycheck Protection Program (PPP) loans available to small businesses, with individual businesses eligible for up to $10 million in forgivable loans.

Naturally, Dealers have questions. In this webinar, Edward McWilliams, CPA at Cerini & Associates, LLP will answer many of the most common questions dealers are asking about the payroll protection program (PPP).

Ed will provide answers to questions such as:

  • Are Dealers that use a Professional Employer Organization (PEO) eligible for the loan?

  • How are commission based- employees’ salaries counted?

  • How much of my loan will be forgiven?

  • What can Dealers do to maximize their loan forgiveness?

  • Can PPP loans be used for expenses, other than payroll?

  • Are there other economic relief programs for Dealers?

  • Comments about SBA’s updates