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.
Delivering a broad range of affordable services for business owners, executives and independent professionals is what we are all about. MacRae Associates provides outstanding service from dedication to the three underlying principles of professionalism, responsiveness and quality. About Us
Known for the quality of its service, MacRae Associates reputation reflects the high standards we demand of ourselves. Our primary goal as a trusted advisor is to provide you with insightful advice to make informed financial and business decisions. We do not accept anything less from ourselves and this is what we deliver to you.
John “Sandy” MacRae, the firm’s CEO, has earned the confidence and loyalty of his client base by standing above the rest with his personalized business style paired with the informal culture of his firm. In what is at times a stuffy industry and rigid line of work; a personable approach to managing your business success makes for a solid foundation of communication and trust.
Your business needs are handled carefully with a personal approach and in the hands of someone you can count on and talk to. Taking the pain points out of financial advising and professional services is a unique trait, appropriately cultivated with over 20 years of experience and some clients have been with MacRae Associates just as long. The goodwill of the client’s Sandy and his team serves, is the foundation of his success both in and out of the office.
Sandy’s desire to account for what true and accurate stands in all areas of his life. His personal time spent refereeing local sports games, keeps him on his toes and is an example of how he runs his business. The pace of a game with moving players, penalties, and scores- Sandy’s business perspective and approach is with the same focus and efficiency.
The moving pieces to your business playing field requires both flexibility and stability to stay nimble in the game. Sandy delivers that same expertise with his keen attention to detail, agilitiy, and honesty to MacRae Associates. Address:
3900 Jermantown Road, #300
Fairfax, VA 22030
Phone: (703) 691-1290
Fax: (703) 691-4220
Website: http://macrae-cpa.com Newsletter:
Founded in 1993, Benjamin & Associates, PC is a regional firm providing a wide range of professional services in accounting, tax preparation of representation, consulting, to small and medium sized businesses throughout Northern Virginia, Maryland, and Washington, D.C and beyond.
At Benjamin & Associates, PC, we succeed by first helping you succeed. When you become a Benjamin & Associates client, we work closely with you to understand and evaluate your business, and then develop sound business strategies to help you achieve your goals.
We accomplish this through a highly trained and experienced staff, and through a commitment to timely and quality service. We work with you to develop the financial data to help your business grow and prosper. Our Commitment to Our Clients:
It is our commitment to providing the highest level of quality service to our clients. Our Certified Public Accounting and Financial Services Firm listens to your concerns, asks the right questions and takes the time to understand your goals and objectives. We realize that our success is directly dependent upon the success of our clients. Testimonial:
“Benjamin & Associates, PC has always provided us with excellent service. We are consistently pleased with the end result of the services they provide, and are impressed with the professionalism of the staff. For small business accounting needs, I don’t think it gets any better than Benjamin & Associates, PC.”
United States Address:
2102A Gallows Road Suite 200
Vienna, VA 22182
Tel: (703) 893-6220
Fax: (703) 893-6221