May 20, 2020

The South Florida Business Journal quoted Advisory Director Andy Alan in article about the terms for PPP loan forgiveness.

The South Florida Business Journal

By Ashley Portero

The South Florida Business Journal quoted Advisory Director Andy Alan in article about the terms for PPP loan forgiveness. Paycheck Protection Program

Excerpt:

Under the PPP, borrowers have eight weeks to spend their approved funds. That period begins the day the loan is funded. But some businesses, such as those that pay employees on a weekly or biweekly basis, have payroll periods that do not align with that eight-week period, Marcum’s Alan said.

Now, the SBA has an option that allows borrowers to calculate payroll costs using an “alternative payroll covered period.”

Click here to read a PDF version of the article >>

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Andy  Alan

Andy Alan

Director

  • Advisory
  • Fort Lauderdale, FL