Use this PPP Loan Forgiveness Calculator to track all of the Small Business Association SBA loan funds received through the Paycheck Protection Program to ensure that the funds are used and tracked properly so that the loan will be forgiven.
Today we are going to talk about a new tool that we’ve developed here at ICC: the PPP Loan Forgiveness Calculator. The Payroll Protection Program is designed to help small businesses keep their payroll going during this time of crisis. This support has come in handy to keep people employed. There is a lot of confusion around how to use and manage the funds, however. This is why we created this tool.
This SBA loan is designed to be forgiven if you use the proceeds correctly. If you use it correctly, it won’t technically be a loan because you won’t have to pay it back! Unfortunately there is a lot of confusion about how the forgiveness part works. You may be wondering what borrowers will have to do to prove that they used the funds properly.
In this video, I’m going to share my screen with you. You will be able to see exactly how to use our spreadsheet calculator. Take a look as I walk through step by step, and hopefully this will help you. It is important to properly track your use of the PPP Loan. Ultimately, you want to have it forgiven when the time comes.
VIDEO: PPP Loan Forgiveness Calculator
We’re giving you access to this free download via the link below. During this time, the best thing we can do is to help support our industry. This is a new tool here at Icenhower Coaching and Consulting. Click the link below and you’ll be able to download the PPP Loan Forgiveness Calculator for free!
Questions about the PPP Loan Forgiveness Calculator?
Reach out! Keep the conversation going! We’re available and ready to help you with your questions. It is our passion to help real estate agents survive this trying time. Reach out directly, or join our Facebook group, Real Estate Agent Round Table. We have been encouraged by the community of Realtors that have joined our group and the conversations that take place daily. Agents helping other agents during this time — it’s good stuff.