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.
There are financial, tax, operational, legal, marketing, human resources, and other business aspects to consider. Many business owners simply don’t have the time or the resources necessary to effectively deal with them all. That’s why they turn to the small business advisors and financial experts at Lucier CPA, Inc. for help.
LUCIER CPA, INC. employs a team of professionals who understand the intricacies of the business environment, and what it takes to succeed in an ever-changing marketplace. Less time spent on record keeping means more time can be spent running your business.
Our clients range from manufacturing, construction, retail, professional, and service industries. We believe that helping our clients manage their business more profitably is the most important assistance we can give. We guarantee success. Whether yours is a start-up, troubled or growing business, our team is here to help you maximize potential. Contact Lucier CPA, Inc. for your accounting, payroll, bookkeeping, and business consulting needs.
Clients appreciate our online computerized accounting systems and timely preparation of tax reports. Our personalized customer service promotes “raving fans,” and distinguishes our firm as one that stands ahead of the rest.
We speak your language, not just numbers. Clear advice and explanations are important in our communications with clients and regulatory organizations. Our network of contacts, resources, and information enables us to service your account professionally and efficiently. We offer unlimited discussion of your accounting and business-related questions via phone or meetings – a crucial service in helping you make the right decisions.
Our relationship begins with a commitment. When you become a client of Lucier CPA, Inc. you are committed to succeeding in your business, and we are committed to becoming your key business partner.We work closely with you and your staff to analyze your company, employee strengths, the marketplace, and other factors to establish a strategy and goals.We not only work for you, we work with you. Testimonial:
“My business would not be where it is today without David Lucier.”
Ann-Marie Harrington · President · Embolden.com Address:
1308 Atwood Ave.,
Johnston, Rhode Island 02919
Website: http://luciercpa.com/ Newsletter:
Lockey & Pierce, CPAs LLC is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about Lockey & Pierce, CPAs LLC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Cumberland, Lockey & Pierce, CPAs LLC has years of valuable experience assisting professionals with their accounting needs. About Our Firm
For years, Lockey & Pierce, CPAs LLC has been providing quality, personalized financial guidance to local individuals and businesses. Lockey & Pierce, CPAs LLC expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning. Our Mission
Our mission is to help clients maintain financial viability in the present while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients’ needs, thorough research, and sound analysis. Lockey & Pierce, CPAs LLC is dedicated to meeting these goals with high standards of excellence and professionalism. Address:
3449 Mendon Road
Cumberland, RI 02864
Telephone: (401) 658-3800
Fax: (401) 658-2099
Website: http://www.lockeypierce.com/ News: