Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.
SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.
Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.
Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:
Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
Sole proprietors, Independent Contractors, and Self-employed persons.
Maixner, Maixner & Company, LLC was established in 1975 from the practice of Albert A. Maixner, CPA. The practice has been in existence since 1949 and has offices in south St. Louis County.
We have over 65 years experience serving the accounting and tax needs of clients in several states and countries. Ours is a general practice, thus our clients are in a variety of industries.
Services to our clients are handled efficiently and with a genuine concern for and interest in the client. As a small local practice, we offer personal service and the benefit of developing a long term relationship with a partner of the firm.
Maixner, Maixner & Company, LLC is one of the leading firms in and throughout Saint Louis, MO. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
Maixner, Maixner & Company, LLC provides a wide range of services to individuals and businesses in a variety of industries. At Maixner, Maixner & Company, LLC, we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Address:
4501 Telegraph Road
Saint Louis, MO 63129
Telephone: (314) 487-4000
Fax: (314) 487-0842
Website: http://www.maixnercpas.com News:
Maher & Co. has a diverse and prestigious clientele in the St. Louis area and beyond. We are major providers of accounting and auditing, tax and business consulting services to closely-held businesses.
At Maher & Co., our clients’ needs are served by Proven Practical Professionals.
Proven – Demonstrated by more than twenty-five years of dedicated service to business and individual clients and a client retention rate of which we are very proud.
Practical – Solutions we offer to our clients. The experience of our professionals in the practice of public accounting and the time spent by some of them as executives in industry allow us to avoid esoteric or “pie-in-the-sky” solutions proffered by consultants and advisors who do not possess this “inside” experience and mentality.
Professional – Manner in which we deal with our clients and the challenges facing them. We strive to provide expertise and insights that our clients can count on as being of the highest quality. Address:
101 South Hanley, Suite 1325
St. Louis, MO 63105