PROVIDENCE, R.I. (WPRI) — Making use of for small enterprise loans and grants could be tense and complicated, particularly amid the coronavirus pandemic.
That’s why the Rhode Island Society of Certified Public Accountants is providing free help to enterprise house owners who want it.
Melissa Travis, the CEO of the group, believes they’re the primary within the nation to supply free help to companies. The thought got here after companies have been left scrambling in the course of the pandemic.
“It’s coronary heart breaking whenever you discuss to a enterprise proprietor and also you be taught they’ve left cash on the desk,” she mentioned.
Travis mentioned in relation to making use of for grants and loans, small companies ought to attempt to apply for as many as they will. In the event that they don’t, she mentioned they could possibly be lacking out on much-needed funding.
The group is working with the native Small Enterprise Administration in addition to Rhode Island Commerce.
“In case you are a enterprise proprietor on the market and you aren’t certain in case you are eligible, otherwise you assume you might be eligible, otherwise you dont need it to finish up being a mortgage, otherwise you’re forgiveness, we’ve help for you,” Travis mentioned.
“A few of these companies can’t imagine that A, this help exists, and B, that they’re eligible for the funding,” she continued.
Travis mentioned her crew discovered that some companies don’t have an accountant or payroll service. Not having that help, Travis mentioned, could make discovering the correct paperwork to show their misplaced income all through the coronavirus pandemic fairly difficult.
By way of their program, she mentioned an accountant will be capable to work with enterprise house owners on filling out the purposes. Many enterprise house owners don’t even find out about their free program, in accordance with Travis, which she mentioned is one thing they will’t afford to overlook.
“There are such a lot of individuals who have stayed on the sidelines unnecessarily, and you might be actually leaving cash on the desk,” she mentioned. “There’s no draw back in any respect for you. Don’t sit on the fence.”
Any enterprise proprietor that wants assist ought to e mail covid@riscpa.org.
The group is also offering free training programs in partnership with the SBA and Rhode Island Commerce’s Restore RI Program. The subsequent session will happen on March 3.
