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


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

Legal and monetary consultants advisable retaining 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 how you can maintain onto these funds for good.



Source link Businessinsider.com

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