Borrower beware!!!! Be extremely careful when borrowing this PPP money thinking that it is a fully forgiven transaction. It is critical to have a review team to help you – Draffin Tucker, Morris, Manning, Martin, HomeTown Health, and Sterling Seacrest insurers
Action required:
- Read and study this article which is a very timely and well written article. Submit to us any questions that you may have
- Make sure you fully document everything in notes, documents, and files.
- Establish a review team including Draffin Tucker, Morris Manning Martin, HomeTown Heath and Sterling Seacrest – Bartley Miller and seek their guidance at every move along the way.
- Read all of your loan’s fine print to see what you agreed to.
- If done incorrectly this can become a very ugly event.
- Remember that you have borrowed from a bank and not the federal government so the bank will have the ultimate liability so you will owe them any payback.
- Be careful not to comingle funds