Advice for PPP Recipients

In this video, D.C. Reeves, CEO of The Spring, is providing his advice to those business owners that have been approved and funded for the Paycheck Protection Program.

His main piece of advice is to have the PPP money funded into a separate bank account. When it comes time for loan forgiveness, it will be much easier to prove what you spent the funding on if you have all of the PPP funds and related transactions in one separate account.

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Gracie Woodfin