Why you should put your PPP loan into a separate bank account

Depositing your small-business loans by way of the Paycheck Protection Program into a separate account not solely helps you hold observe of funds, it additionally places you on observe to have them forgiven.

Legal and monetary consultants really helpful holding the loan separate to stop unintentional misuse of funds. It additionally prevents payroll errors from popping up.

Here are all of the the explanation why you should make a separate account for your small-business loan, and the way to maintain onto these funds for good.

Source link Businessinsider.com

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