The Dangerous Pitfalls With PPP
Channel: Ella Rivkin | Financial Freedom
Date: 04/06/2020

⚠️The Dangerous Pitfalls with PPP.

☝️There are a few key points you should be paying attention to when it comes to the Paycheck Protection Program:

1. ✅If you are the officer of your company, you are not able to pay yourself more than $1.923 a week, the same will apply for your employees.
2. ✅As a business owner the loan of $8K will be divided into 8 weeks, complying with the SBA guidelines and regulations.

🗣️Keep in mind the comparison period, what you need to do is to keep in mind to compare what your salary was last year to what your salary is now, because there are rules and regulations in place, keep a close eye on those pitfalls.

❤️ Like and share this video if you find it of value to yourself and others. 💪 Stay strong. Stay healthy. Stay informed. 
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