Key Takeaways:
01:50 - The purpose and overview of PPP loans
07:00 - Who qualities for the second round of PPP loans
09:05 - What defines a “quarter” for the PPP loans, the answer might surprise you
12:30 - The importance of having a relationship with a business banker
16:30 - Why having a coach through these times is vital
Quotes:
“More than likely there is going to be some extra cash with this that you can use for other things” - (Doug) (03:15)
This is your opportunity to go to bat with your accountant, with the SBA… to qualify for this second round of PPP”- (Jason) (08:34)
“This is an opportunity to stabilize your business and possibly catapult it into a much better position by later in the year” - (Doug) (16:05)
“Use it for the areas you need to use it for, use it in things that you can invest in the growth of your company.” (Jason) (18:10)
