Baker Tilly has a comprehensive set of solutions that are readily available to assist qualifying businesses that have received, or will receive, loan proceeds that may be eligible for forgiveness under the PPP. These tools have been developed pursuant to the guidelines established by the CARES Act, the Interim Final Rule issued by the Small Business Administration (SBA), and the subsequently issued Frequently Asked Questions.
No matter where you are at in the process, our specialists can help you through the three phases:
We offer two service models, tailored to an organization’s situational complexity, to help you navigate the process:
This all-encompassing proprietary toolkit assists you with the application, monitoring and compliance phases. The toolkit contains an Excel-based PPP Max Loan Amount Calculator and Loan Forgiveness Calculator.
We can help businesses through the processes related to the application and forgiveness of PPP loans, either in full from application to compliance, or with some of the elements in between.
Although these resources are based on our most current understanding of the SBA’s intended rules, because the final decision on approval to receive proceeds or the forgiveness of any amount of a PPP loan is solely within the authority of the SBA, use of these resources is not a guarantee that any amount of the loan will be approved or forgiven.