What can businesses do now to prepare for new PPP forgiveness criteria?
BPM Director Brett Hazlett recently sat down with the Sacramento Business Journal to discuss how small businesses can work toward getting their Paycheck Protection Program (PPP) loans forgiven, as the Small Business Administration (SBA) released new guidance at the end of December.
“They’re looking for quote, unquote ‘hard-hit businesses,'” Hazlett said in the article. “Businesses that did better than they anticipated were a problem in the first round, but now they really want to target the funding a bit more now that we know more about where the impacts have been.”
Read the full story in the Sacramento Business Journal.
About Brett Hazlett
Brett has more than 20 years of progressive experience in the consumer, manufacturing, retail, nonprofit and pharmaceutical sectors. He is a highly-accomplished, results-driven senior accounting and finance executive. He helps lead BPM’s Economic Recovery & Emergence Task Force, where he helps clients navigate the COVID-19 pandemic and the Paycheck Protection Program.
About BPM’s COVID-19 Resource Center
As the economic and physical disruption caused by the COVID-19 pandemic continues to change the landscape of many businesses around the world, BPM is offering a free online Resource Center to help clients and friends of the Firm navigate the current crisis and build an action plan to survive and thrive in the future. BPM’s COVID-19 Resource Center has recent articles from our specialists, as well as links to relevant resources for individuals and business owners.