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How a PPP loan affects your bonding capacity
Manage episode 322295322 series 3314227
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Did you receive funds from the government as part of the COVID relief efforts? Are you unsure how that money will affect your bonding capacity now? Get up to speed on PPP loans, EIDL loans, and the ERTC on this week's episode.
Topics we cover in this episode include:
- Why it's important to talk to your bond agent about the PPP or other COVID-related government funds you've received
- A crucial cash-saving tip for classifying the employees that you pay with PPP funds
- The loans and grants that have been helpful to contractors and how to address them now
- The importance of obtaining forgiveness letters for taxes and bonding
- How accepting government funding affects your bonding capacity
LINKS
Visit the episode page at https://contractorsuccessforum.com/PPP for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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