This really is an essential message, and IвЂ™d it carefully like you to read.
Only at Team J Allen & Associates, we’ve been walking closely with this Frederick company owner consumers (and lots of, many start up business owners who’ve been trying) to cut through the sound and online misinformation about these loans.
A few of this misinformation is innocent, mainly because the IRS happens to be rolling down various and new kinds of guidance, as well as the SBA as well вЂ” just about every day.
Several of this misinformation is certainly not quite as innocent. Not just would be the scammers showing call at force (already вЂ” be mindful where you place your companyвЂ™s info!), but additionally overly-aggressive taxation and accounting professionals on the market who will be billing small organizations $2K+ to fill these Payroll Protection Program out (PPP) and EIDL applications.
Not merely are these applications simple and easy (though doing the calculation is not always вЂ¦ and we CAN assistance with that), nonetheless it might additionally be up against the legislation.
Straight through the CARES Act: вЂќ(ii) FEE RESTRICTIONS. вЂ” a representative that assists a eligible recipient to prepare a credit card applicatoin for the covered loan may well not gather a cost more than the limitations established by the Administrator.вЂќ