"If your small business has received approval for a loan from the Paycheck Protection Program (PPP), congratulations on obtaining aid to help get your business and your employees through the shutdown measures needed to stop the spread of COVID-19," writes Bruce Brumberg of longtime SIPA member myStockOptions.com, in an article titled You Got Your Paycheck Protection Program Loan. Now What? Advice From Small-Business Lawyers.
"However, you need to use the loan carefully. First, you want to maximize the feature that makes the PPP loan forgivable. Second, you want to use the loan properly so that you stay out of legal trouble for any potential abuse of the program."
Brumberg's article, along with his previous post—How to Avoid Going to Prison for Your Payroll Protection Program Loan: Advice From Former Federal Prosecutors—both appear on the Forbes website. They are just a couple of the many great resources that SIPA members are p ...
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