PPP Loans Are Still Available – Here is What you Need to Know

PPP loans are meant to infuse money into small businesses and there is still money left! On today’s episode, we talk with Stephanie Parris, founder of Guardian Accounting Services and our go-to guide for Paycheck Protection Program loans. We dive right in with Stephanie and ask her all the questions we have about the PPP loan process and if it’s a good fit for real estate investors and business owners. We discuss how to apply for the loan, what the funds can be used for, and most importantly, how to track your spending to maximize the amount that is forgiven.  Before you call the bank to apply, be sure to listen to Stephanie’s tips for what documents you need in place and the steps to take to ensure a smooth process   Stephanie Parris brings twelve years of accounting experience to service her diverse clients’ business needs. She has experience in public accounting as well as the private sector in positions such as Controller at Habitat for Humanity. She has extensive knowledge of the non-profit, construction, real estate and service industries which she serves. In addition, she assists her clients with various consulting services, financials statement audit preparation, accounting cleanup, succession planning, best practices, and procedure documentation. Stephanie values client relationships and prides herself on providing timely service with tangible results. Stephanie has become known to her clients and colleagues as someone who is not only passionate about all things accounting and business, but as a solid relationship builder. Stephanie views her client’s business goals as those of her own, creating a unified client experience. Stephanie has her Masters’ Degree, in Accounting and Financial Management. She carries several certifications in QuickBooks, including Advanced ProAdvisor. If an oddity arises in QuickBooks, you will certainly find her digging in to solve for it.   On today’s episode, we discuss a ton with Stephanie, including: Who qualifies for the Paycheck Protection Program How to apply for a PPP loan How to calculate the amount you can receive How to apply for loan forgiveness and when to do so The importance of tracking your spending of the loan funds   Books/Resources Girl, Wash Your Face by Rachel Hollis PPP Loan Amount Calculator PPP Funding Tracker   Contact Information Guardian Accounting Services Website Guardian Accounting Services YouTube Channel Guardian Accounting Services Facebook   Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days.  85% of their customers come back to do more business with them because of their dedication to exceptional service. It’s why they were named No. 42 of Inc.’s fastest-growing companies in America.  What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher  InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms.   How To Join the InvestHER Movement   1)  The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves.    Subscribe via Itunes  Subscribe via Android  Subscribe via Stitcher 2)  InvestHER Community on Facebook  We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!   3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada.  Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther