Paren Knadjian
PRACTICE LEADER - M&A AND CAPITAL MARKETS
TECHNOLOGY INDUSTRY LEADER
Paren is the practice leader of the M&A and Capital Markets group at KROST. He comes with over 20 years of experience in mergers and acquisitions as well as equity and debt financings. In that time, Paren successfully completed over 100 M&A transactions worth over $1 billion acting as a both a buy-side and sell-side advisor.
Paren also has 15 years of experience as a C-Level executive in several high-tech companies. He has been the CEO of two Software as a Service (SaaS) companies in financial services and new media, and he has been the CFO of several companies in healthcare, marketing, e-commerce and film & television. He co-founded two companies that were successfully sold to trade buyers.
Paren and his team at KROST have assisted over 350 entities in procuring, managing and obtaining forgiveness for more than half a billion dollars of PPP, EIDL and Main Street loans. He also developed a PPP Budgeting, Tracking, and Optimization Tool, used by more than 250 institutions, that tracks these expenses on an ongoing basis, automatically calculates the forgivable amounts, and computes all the fields necessary for forgiveness.
Professional Experience
• KROST (October 2017 – Current)
• Acting CFO & M&A Advisor (2016 – September 2017)
• Principal, Lionfish Advisors (2006 – 2016)
• CEO, Actant (2002 - 2006)
• COO, Proof9 (2001 - 2002)
• Co-founder, New Media Network (1998 - 2001)
• Thomson Reuters (1985 - 1998)
Education
• Series 63 and 82 FINRA Securities Licenses
• Bachelor of Science, University of Bristol, UK
• Royal Merchant Naval School, UK
Professional Affiliations
• Registered Broker/Dealer, FINRA
• Association of Corporate Growth
Extracurricular Activities
• Treasurer, Crossroads School of Arts & Science, Santa Monica
Restaurant Revitalization Fund – Details
1. Introduction 2. Eligible Entities 3. Other Eligibility Criteria 4. Interaction of RFF with other SBA loans 5. Calculation of Funding Amount 6. Eligible Uses of Funds (Eligible Expenses) 7. Timeframe for Using Funds 8. Use of Funds Validation 9. How to Apply 10. Apply through SBA Restaurant Partners 11. Apply Directly through SBA 12. … Read More
Register for our Complimentary Webinar – The Restaurant Revitalization Fund
Jean Hagan (Principal, Restaurant / Business Management) and Paren Knadjian (Practice Leader, M&A and Capital Markets) are hosting a complimentary webinar on The Restaurant Revitalization Fund. Join us for the details of the new Restaurant Revitalization Fund including eligibility, use of funds, calculation of funding amounts, how to apply and what documentation is required. The … Read More
PPP Application Deadline Extended
On Tuesday, March 30th, 2021, President Biden signed the PPP Extension Act of 2021 into law. The Act, which passed on a bipartisan basis by the Senate on March 25th and by the House on March 16th, extends the deadline for Paycheck Protection Program (PPP) loan applications to May 31st, 2021. It was previously March … Read More
Register for our Upcoming Webinar with the CRA: American Rescue Plan Act of 2021
We have rescheduled this webinar due to the delay in the release of the new regulations from the SBA, the new date is April 1st. The $1.9 trillion American Rescue Plan Act of 2021 (“ARPA”) is the second-largest government economic stimulus package in US history, coming a little less than a year after the $2.2 … Read More
The American Rescue Plan Act of 2021
On Thursday, March 11th, President Biden signed the much-anticipated American Rescue Plan Act of 2021 into law. The $1.9 Trillion stimulus package expands COVID-19 relief for individuals, families, local governments, and businesses and includes direct payments and increased child credits. While the contents of the plan have been cause for much debate in the last … Read More
![[Webinar] PPP 2021 Program – Updates on Loan Applications, Rule Changes, Eligibility, Forgiveness, and Interaction with ERTC](https://www.krostcpas.com/wp-content/uploads/Webinar_-PPP-Second-Draw-Program-–-Rules-for-Eligibility-and-Forgiveness-2.jpg "[Webinar] PPP 2021 Program – Updates on Loan Applications, Rule Changes, Eligibility, Forgiveness, and Interaction with ERTC")
[Webinar] PPP 2021 Program – Updates on Loan Applications, Rule Changes, Eligibility, Forgiveness, and Interaction with ERTC
The PPP loan program is evolving fast with new rules on Second Draw applications, including a 2-week pause on companies with 20 or more employees and new calculations for sole proprietors. In addition, both the lenders and the SBA are reviewing, rejecting, and putting holds on many applications because of API errors, compliance failures, and … Read More
FAQs – PPP Loans
Since the CARES Act passed into law in March, there have been new laws, multiple rule publications, and over 50 FAQs released by the SBA regarding the PPP and EIDL loans. KROST’s subject matter experts have compiled a list of frequently asked questions below: Question: How are full-time equivalent employees calculated in the 2nd PPP? … Read More
![[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar](https://www.krostcpas.com/wp-content/uploads/PPP-Second-Draw-Loan-Program-the-Revised-Employee-Retention-Credit-–-Eligibility-and-Process-1-1.jpg "[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar")
[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar
Paren Knadjian (Practice Leader, M&A, and Capital Markets), Stacey Korman, CPA (Principal), Sossi Bekarian, CPA (Senior Manager), and Jeff Kamin, CPA (Manager, Accounting, ERTC) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. They reviewed the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act including: … Read More
![[WEBINAR] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process](https://www.krostcpas.com/wp-content/uploads/PPP-Second-Draw-Loan-Program-the-Revised-Employee-Retention-Credit-–-Eligibility-and-Process-1.jpg "[WEBINAR] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process")
[WEBINAR] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process
Paren Knadjian (Practice Leader, M&A, and Capital Markets), Stacey Korman, CPA (Principal), Sossi Bekarian, CPA (Senior Manager), and Jeff Kamin, CPA (Manager, Accounting, ERTC) will host a free webinar on the PPP Second Draw Program & Employee Retention Credits. They will review the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act … Read More
Paycheck Protection Program First & Second Draw Loans – Updated Rules
On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section, 7(a)(37), … Read More
