Ceterus Support for the Payroll Protection Program
This crisis will end, and the best entrepreneurs will be ready when it does. Ceterus is working hard to make sure our customers are among the entrepreneurs ready to emerge.
However, with respect to the Payroll Protection Act, like everyone else we are waiting for additional guidance from the SBA before we decide how we can best support you. We expended a lot of effort to design support programs in the Spring before substantial revisions were made on June 5th. We welcomed these changes, but we will also wait for additional guidance before formalizing any support options. Some items we are watching and working to understand:
Continued changes in PPP forgiveness rules, including modified applications that were released June 17th
As it relates to the new forgiveness applications, we fully expect relevant guidance released to clarify the rules and how to complete the forms in the coming weeks
Significant discussions from legislators and industry leaders to further reduce the complexity surrounding the PPP forgiveness process, up to and including blanket forgiveness for loans under certain dollar amounts
We are happy to add you to a mailing list to receive more information, once it is available.