Practice Management

  • 1.  PPP loans

    Posted 04-06-2020 02:28
    For those filing for PPP loans under the CARES act, make sure you have your application in by Monday the 6th.  In addition, make sure your bank files immediately via e-trans thru SBA.  Filing thru e-trans holds the funds for your company until the documents are signed.  You can apply thru multiple banks but as soon as one files for e-trans it holds the funds so you should withdraw applications from other banks with confirmation of e-trans submission.  These funds will run out quick as demands are high and the program is probably underfunded.

    Brian Iriye