How to Apply PPP Loan in QuickBooks?

1. PPP LOAN APPLICATIONS WITHIN QUICKBOOKS

2. What is PPP(Paycheck Protection Program)? QuickBooks created a simple approach for small business owners, freelance people, and different eligible candidates to use for a Paycheck Protection Program (PPP) loan. The program is an element of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, that assigned approximately $659 billion in excusable loans to assist you to pay employees and cover certain operative expenses.

3. Apply for loan forgiveness Receive funds Apply Easily apply for a Paycheck Protection Program Loan inside QuickBooks Capital. Once your application is prepared for submission, we’ll send you an email. Then, you'll sign back in, review, and accept. Your loan is also forgiven if you retain all of your employees on the payroll for eight weeks and pay your loan on qualifying expenses. Get up to $10 million to cover payroll and alternative employee advantages (PTO, insurance premiums, retirement, etc.). Funds may be used for mortgage interest, rent, or utilities. HOW TO APPLY FOR A PPP LOAN

4. Who qualifies for a Paycheck Protection Program loan? 1) 500 employees or fewer 2) Affected by the coronavirus 3) Meet SBA size standards 4) Multiple locations / Self-employed individuals

5. Documents Needed to Apply for PPP To apply on-line you wish to rearrange some documents like materials, sign, and transfer documents. Below is that the list of constant document you wish to collect before applying: • IRS payroll tax filings • 2019 1099 -MISCs • Payroll processor records • Insurance premium expenses • Retirement program expenses • Alternative supporting documents for the relevant period

6. PHONE For Questions & Queries +1(800)816-6849 EMAIL ADDRESS If any QuickBooks user needs more info about PPP Loans and how to apply for PPP loans they should visit us on internet and read more about it. helpdesk@bigxpert.com