The KROST PPP Budgeting and Forgiveness Maximization Tool allows you to budget and plan the use of PPP loan proceeds, on a month-by-month basis, to maximize forgiveness. This includes detailed staff planning, minimizing loan forgiveness reductions, and ensuring non-payroll related costs remain within the allotted 40%. You can also enter the actual expenditure for all those expenses as they occur, and the tool gives you a monthly actual vs budget report. Finally, the tool automatically calculates all the fields that are required to fill-out the loan forgiveness application.
If you missed our webinar led by Paren Knadjian, Head of M&A and Capital Markets at KROST, there is a recording available. This webinar gives details on PPP rule changes and clarifications, highlights how these changes affect forgiveness of the loan demonstrates the latest version of the KROST PPP Budgeting and Forgiveness Maximization Tool and gives an update on EIDL and Main Street Loan Programs. Paren also answered attendees questions at the end of the presentation.
You can view the webinar replay, by joining our mailing list. The video and presentation slides will be available immediately following submission:
Access the Webinar Replay & Presentation Slides
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