The Latest PPP Loan Revisions that Borrowers Need to Understand It seems that much of the PPP- induced anxiety has dissipated over the last few weeks. Maybe it is the impact of the borrower favorable provisions of the Paycheck Protection Program Flexibility Act, the fact that most borrowers who sought funds have now received them,Read more
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PPP Flexibility Act How it alters the provisions of PPP Loan Forgiveness Last night, the Senate passed the House bill, called the Paycheck Protection Flexibility Act, and passed it to the President for signature. The bill, which the President is expected to sign, significantly alters provisions of the PPP loan forgiveness. The changes includeRead more
PPP Loan Forgiveness & Instructions Calculating loan forgiveness and potential adjustments for FTE and salary adjustments The SBA published the Loan Forgiveness Application and accompanying instructions over the weekend. The application and instructions provide important definitions and information on calculating loan forgiveness and potential adjustments to forgiveness, such as the potential adjustments for FTERead more
How Will the SBA Review Borrower’s Good-Faith Certification of PPP Loans? Uncertain and confused seem to be the key words that describe how most borrowers under the PPP program are feeling since receiving their funding. The announcement by the SBA that they intended to audit all loans over $2.0MM, and that the audit would includeRead more
What to Know About the Paycheck Protection Program Use of Funds, Forgiveness & Documentation We heard from many of our clients that they received confirmation from their lender that their PPP loan had been approved and an SBA number issued. Congratulations, this is great news! We also understand that not everyone was so fortunateRead more
Our COVID-19 Business Continuity Plan PlusPoint is a small business facing many of the challenges and concerns small businesses across the country are facing. Since we are in the business of consulting and advising other business leaders on their organization’s financial health, we have all the pieces you would expect us to have – financialRead more
[CLICK IMAGE ABOVE TO ENLARGE] I heard a statement today that caused me pause. There is going to be a before and after COVID-19 much like there was a before and after 9-11. It made me think of the graphic making it’s rounds on social media – “Who do I want to be during COVID-19?”Read more
Typically growing businesses will always choose to invest in product and go-to-market strategies – you know the things that grow the business. Investing in in-house finance and accounting talent most often doesn’t make the cut, leaving the finance function under resourced to deliver on all the needs of the business. The result? “I am notRead more
PlusPoint Founder Named a 2019 CFO of the Year Award Winner In the Portland Business Journal’s 2019 CFO of the Year awards, PlusPoint’s Founder Mike Temple was named Small Company Honoree. The awards are issued for excellence in operations, financial management and company accountability, among other categories. PlusPoint founder Mike Temple was named Small CompanyRead more
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