PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS

PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as:  The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and  Employee and compensation levels are maintained. Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for 6 months. read...
Six-Month Business Review Check-In

Six-Month Business Review Check-In

June is here which means we are in our 6th month of the year! That’s’ right, we’re already halfway through the year. Although this year has felt very long due to COVID-19, we want to make sure that you are still able to do your six-month Business Review check-in and take away some lessons from these past months. This year has been especially hard on all business owners, especially small business owners. KDA wants you to know that you are not alone. We want you to succeed and find ways to reflect, prepare, and thrive. It can be a very stressful time to review how things are going, so sit back and take a breath. We are all together in trying to find a way to not only stay afloat but thrive. A way to start would be to use our three-step process for checking-in and reviewing how this year has gone thus far. By doing these steps, you will be guided in the right direction and ready for the next half of the year. read...
Live in the Moment

Live in the Moment

It’s a brand new decade! Are you ready to make the most of each day? If you need a little help to live in the moment, try these tips: Rejuvenate each dayTake a little time (5-10 minutes) to relax and reflect quietly before bed. This practice can help you sleep more soundly and keep your emotions well-tuned. Wake up earlyGetting up early allows you time for a healthy, wholesome breakfast, and to ease into your day. Smile moreSmiling programs your brain to think positively and enjoy the little things. read...
How to Apply for Unemployment Benefits

How to Apply for Unemployment Benefits

Due to COVID-19, there have been many companies closing, workers laid off, and businesses uneasy. If you are one of the workers that have been sent home without an answer, applying for unemployment may be for you. The first thing we want you to know is that we understand and want you to know that we are in a pandemic. There is no shame in getting unemployment because it is your tax dollars coming back around to help you in a time of need. Therefore, if you need help, do yourself and your family a favor and apply for unemployment benefits until you can secure another, stable job. Karla Dennis & Associates wants you to make the most of your situation, and take the help when you need it, so here is how to apply for unemployment benefits:  read...
Money-saving tips to learn from social distancing

Money-saving tips to learn from social distancing

While we have all been during our best to flatten the curve and social distance, it is a great idea to take a look at how this has affected our money spending habits. Have you saved money from staying indoors? Are you comparing your old habits to now? The best we can do right now is to stay positive and make the best out of every situation. Analyzing our spending habits is a great way to reflect during this quarantine and leave this quarantine different than when it began. Here are some tips to take with you after social distancing is over: read...

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