Emily D. BakerYour Favorite Badass Lawyer
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Businesses are starting to receive Paycheck Protection Program funds the question is ‘how do I make sure it’s forgiven’. I have answers.
From Zoom Bombing to security breaches with the SBA, the Coronavirus Pandemic has created the perfect environment for computer crime, identity theft, and general shenanigans. I mean everything is super weird right now, people are stressed and there are over 17 million Americans applying for unemployment benefits, this doesn’t even get into how many businesses are applying for SBA loans through either the PPP program or the EIDL.
I have long said that the way to get ahead and live ‘the American dream’ is through business ownership. The tax laws are business friendly, there are a tremendous amount of options for how to structure your work and your life. I have also said that it’s not for the faint of heart. The situation with Coronavirus, the Paycheck Protection Program and the SBA loans have highlighted what types of businesses are favored. As small business owners are put last in line for aid, struggle to find lenders and are unsure when they will receive money larger businesses are able to apply through their regular banks due to existing relationships. I am rooting for the little guy.