In the interim, feel free to contact any member of our team with questions. We have helped clients complete their PPP loan applications. Many clients have already been approved. I urge you not to wait.
Wells Fargo announced yesterday that they have shut the loan window on small businesses, claiming it has already exhausted its funding capacity, according to a San Francisco Business Times report. Wells Fargo has a regulatory asset cap of $10 billion.
Remember that people who are self-employed or are independent contractors can start submitting their applications on April 10.
Call us at (610) 828-1900 (PA) or (732) 341-3893 (NJ).
Rich Higgins, CPA, managing principal – New Jersey office can be contacted at
Richard.Higgins@MCC-CPAs.com
. I can be reached at
Marty.McCarthy@MCC-CPAs.com
. As always, we are happy to help.
Visit our
COVID-19 Resource Center
frequently and encourage you to share this link with your business associates, friends, and family.
We look forward to seeing you tomorrow.
Stay safe,
Marty McCarthy, CPA, CCIFP
Managing Partner
McCarthy & Company
Disclaimer: This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice, and cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).
