In late May, the Small Business Administration, also known as the SBA released guidelines for the PPP (Paycheck Protection Program) Loan Forgiveness Application. If you were fortunate enough to receive a PPP Loan, that’s great. Now, it is time for you to see if you can benefit from the Loan Forgiveness segment of this plan.
Now that some states are lifting lockdown restrictions, retailers whose offerings differ by the season are having an especially challenging time with the reopening. Many were not able to fully restock their stores with spring items before they had to shut down, and have warehouses as well as stores full of items that no one wants now. Restaurants are also facing challenging times: combining their often razor-thin profit margins with capacity limitations required for social distancing may force some out of business. Some companies are also re-thinking the office as a normal workplace.
Finding money for the essential assets you need to run your business efficiently can be a challenge. You need to decide whether leasing or buying is best for your business.
