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.
Kroeger-Miller CPA is one of the leading providers of accounting services for small to mid-sized businesses. We provide the smaller business with concise, accurate, and timely financial information and expert services found normally in much larger and more expensive firms.
Diane Miller and her team at K-M are prepared to meet the needs of retailing, wholesaling, physician practices, and service-oriented businesses, such as real estate firms, restaurants, construction companies, computer-based businesses, automobile dealerships, and many other commercial enterprises.
At Kroeger-Miller CPA, accounting is what we do. We work together to ensure that you receive personal attention and the support you need to make sure your business is successful. Diane L Miller, CPA
Diane has been a practicing accountant since 1994. She began her career as a staff accountant with Merric & Associates, a Denver CPA firm.
Ms. Miller expanded her accounting skills with International Learning Systems and Pencom International. After moving to Tennessee, Diane assumed the controller position at Women’s Health Partners of East Tennessee.
Diane lives in Maryville, TN with her husband Jeff and son Daniel. She donates many hours to local animal shelters helping to care for abused, neglected, and abandoned animals. Diane also serves as a volunteer for the Family Program at McGhee Tyson Air Base, which provides services to military families in the area.
Diane is a member of the Tennessee Society of CPA’s and the American Society of Women Accountants. Address:
Certified Public Accountant
10710 Murdock Rd.
Knoxville, TN 37932
Website: http://k-massoc.com Resources:
Kraft and Company, PLLC is a full service accounting firm providing more than just annual tax preparation. Involvement with clients goes beyond basic accounting functions, we see ourselves as true partners to our clients, on both a personal and professional level.
The firms culture breeds long term employees and high staff retention. These strengths allow Kraft and Company to provide its clients with continuity and a level of service and attention that is unmatched. We are proud to work with individual and business clients through the many needs of their lifetime and business cycles from entrepreneurial endeavors, to tax planning, and estate planning. We support our client’s goals.
Clients find us to be attentive, proactive and dependable in an environment that is welcoming, friendly and feels like family.
Kraft and Company was founded by Kenneth Kraft in 1975 after he had gained several years’ experience working at Price Waterhouse and then at his uncle’s family accounting firm: Kraft Brothers. Ken decided to start his own firm, opening the original office in Belle Meade.
In 1978, the company moved to downtown Nashville in what is currently the Bank of America building where it remained until 2003 when the office was moved to its present location off West End. The location fits Kraft & Company, PLLC’s character: it is welcoming, comfortable and the door is always open for clients and visitors. Address:
114 29th Avenue South
Nashville, TN 37212
Website: https://www.kraftcpa.com Blog: