Best Practices for Directors / Owners – Documenting SBA PPP Loan Need
- Impact on your key customers and suppliers;
- Restrictions on selling your product and/or services;
- Decreases in revenue / profitability;
- Pricing impacts and/or higher expenses;
- Inability for the business to readily tap additional capital;
- Impact of workforce restrictions (production / productivity);
- Employee hardships (wage reductions, furloughs, lay-offs);
- Steps business is taking to protect capital (delaying or cutting expenses, halting dividends, deferring loan / lease payments, etc); and
- Projected impact on upcoming business.
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COVID-19 CORPORATE & SECURITIES