PPP loans Archives | KRS CPAs, LLC

Jul 27 SBA Deems PPP Loans under $2M Meet Good-Faith Certification

Last Updated Jul 27, 2022 in Pandemic Recovery Updates

Borrowers applying for a Paycheck Protection Program (PPP) loan must certify in good faith that current economic uncertainty makes the loan necessary to continue business operations....

Jul 27 PPP Loan Forgiveness Not Reduced By Rejected Rehire Offers

Last Updated Jul 27, 2022 in Pandemic Recovery Updates

Some good news for businesses receiving PPP loans. If an employer offers to rehire an employee and the offer is declined, it will not have a negative effect on the Full Time Equivalent (FTE) reduction calculation for PPP loan forgiveness. The employer must provide a written...

Jul 27 SBA Deems PPP Loans under $2M Meet Good-Faith Certification

Jul 27 PPP Loan Forgiveness Not Reduced By Rejected Rehire Offers

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