Alert: COVID-19 Tips by ByrdAdatto (Episode 41- PPP Update – Adequate Sources of Liquidity)
In this episode, ByrdAdatto Partners Michael Byrd and Brad Adatto discuss the PPP Loan and having adequate sources of liquidity. As the SBA is updating the qualifications to PPP loans, it is important to evaluate your business’ need for the loan and be able to demonstrate that need in good faith. New requirements for the loan are now in effect and businesses that can use other forms of liquidity rather than the loan are encouraged to explore other options.
At ByrdAdatto we are working hard to ensure our clients are well equipped and ready for what is to come. Should you have questions about whether your business or health care practice is prepared for COVID-19, reach out to email@example.com or call 214-291-3200.