Compass Consulting Services PA

The SBA announced that you will be able to apply for early loan forgiveness whether you have an 8 or 24 week period of coverage. However, doing so will forfeit the safe-harbor provision that allows you to restore reduced salaries by December 31st 2020. This would mean any reductions in salaries, of more than 25%, would be forfeited from loan forgiveness.
Read the full article HERE:

PPP recipients can apply early for loan forgiveness, SBA says New Paycheck Protection Program (PPP) guidance declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money.

6 predictions for how the current crisis will impact small businesses:

1. Printed media will be less available
2. Digital Marketing will be a core strategy
3. Customer email lists will be vital
4. Team collaboration will be distanced
5. Business owners will shift to informing in addition to providing a service
6. Subscription based services will become the core way of doing business

Do you agree? What else do you think might change?