The following message was shared with the mpls downtown council by mdc member Eide Bailly.

One of the key pieces of relief legislation is the Paycheck Protection loan program. PPP loans are designed for small businesses to keep their workers on the payroll. They also have the potential to be forgiven if you follow specific guidance.

Understanding the specific requirements of the program, as well as what is needed to ensure loan forgiveness is critical as small businesses and eligible nonprofits look at PPP loan funding.

Eide Bailly has compiled five things you need to do know about the PPP loans and their subsequent forgiveness. Learn more.

Eide Bailly also has a few more upcoming free webinars on topics that may be helpful for the community:

What You Should Know About the Employee Retention Credit

Budgeting and Cash Flow Modeling in a Crisis for State and Local Governments