Since the program’s onset in early April, the Paycheck Protection Program (PPP) has provided critical support across the U.S. to nearly 4 million businesses affected by the COVID-19 pandemic. While the program has been a lifeline through unprecedented economic uncertainty, the haste with which it was created meant that many guidelines have been elusive, and others seem to change at every turn, leaving prospective and active borrowers reaching for answers and waiting for final rulings on the terms for loan forgiveness.
Some of our questions were answered (or, so we thought!) when the SBA issued the PPP Loan Forgiveness Application in mid-May. Some of those answers changed, yet again, on June 5th, with the enactment of the Paycheck Protection Program Flexibility Act. With the legislation surrounding the PPP continuing to evolve to address the many questions that are still unanswered, it is easy to understand why many business owners are feeling less than confident about submitting a PPP forgiveness application, considering all of the complex calculations, options, comprehensive documentation, and schedules that will need to be addressed to maximize loan forgiveness.
That’s why we have assembled a team of professionals to assist PPP loan recipients with the intricacies of the loan forgiveness application process.
We are here to help
While we certainly can’t guarantee your lender will approve your loan forgiveness application, it’s logical that a company that submits a complete and accurate PPP forgiveness application should experience an expeditious and favorable response. Whether you are in need of consulting services, such as evaluating your loan forgiveness qualifications and the calculations you have used in the preparation of your application, or more “hands on” assistance with your loan forgiveness application preparation and collection and organization of the required supporting documentation, we are here to help.
Our PPP Services Group members have been hand-picked, based on knowledge, training, and experience, to deliver advice and sound recommendations throughout the entirety of your loan forgiveness process.
Let’s make a plan
We get it. Today’s atmosphere for small businesses is a challenging one. And we want to ease some of the burden, stress, and uncertainty. Our goal is to help businesses submit their loan forgiveness application with confidence, knowing their preparation and follow-through were backed by a solid team of professionals. To get started, please use the form below. One of our PPP Service Group members will contact you about your PPP loan forgiveness application needs.
by David Jean, CPA, CCIFP, CExP