Paycheck Protection Program (PPP) Solutions

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How Baker Tilly can help you navigate the Paycheck Protection Program (PPP)

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:

  • Applying for a PPP loan
  • Monitoring utilization of loan proceeds
  • Complying with forgiveness submission requirements

We offer two service models, tailored to an organization’s situational complexity, to help you navigate the process:

Self-service toolkit

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.

Baker Tilly automated process

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.

Watch a demo of our loan forgiveness automated services

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For more information on these tools or to learn how Baker Tilly specialists can help, reach out to your Baker Tilly professional or contact our team.

Contact our COVID-19 support team

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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.

Template

PPP good faith certification considerations and documentation template

We have developed a template that incorporates the specific good faith certifications PPP borrowers are required to make and provides our initial recommendations as to considerations to be addressed for each certification, as well as our thoughts on documentation to be assembled or prepared in support of each certification.  Although we cannot guarantee that use of this template will be sufficient to satisfy the documentation expectations of lenders or any governmental agency, our professionals are prepared to assist you with your understanding of these matters and provide insights as to the responsiveness of your approach to PPP loan application and forgiveness.