If you have come to get more info on California tax credits, the PPP loan and loan forgiveness, look no further!
If you haven’t heard, it’s time for loan forgiveness! Automatic forgiveness is provided to loans under $50,000. You still have to fill out an application and provide evidence of how you spent the money. The deadline to apply for forgiveness is six months from the 24th week after your loan was awarded. However, if you received grant money from the SBA for the EIDL loan, it can count against your forgiveness amount. If that is the case, I would encourage you to WAIT to apply for forgiveness.
Here are a couple links you might find helpful:
For more information on forgiveness, California tax credits and PPP loans, check out my first video in a new Connect with Jaimi video series, a collection of informational videos to help with a variety of business-related topics.