Dear Clients and Friends,
Tonight the Treasury Department has issued the forms and guidelines related to the PPP program to be administered by the bank.
It is now imperative that you talk to your bank to find out exactly what is required. For example, Chase will require that every business have an online portal to apply.
As you can see from the forms this is a relatively simple process. There are some anomalies to what has been reported before and also what was in the bill. We are assuming these will be further clarified.
Also please read the fact sheet relating to lenders. It is enlightening to the extent of what the underwriting requirements are.
As always we are available to advise as needed. Don’t hesitate to email or call us with any questions.
To access the PPP Program forms, click here.
Partners and Staff of LHF