Our PPP Budgeting and Forgiveness Tool has been updated to conform to new rules and updates from the SBA, including the new categories of covered expenses.
KROST’s PPP Budgeting and Forgiveness Tool allows you to budget and plan the use of PPP loan proceeds, on a month-by-month basis, to optimize 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 have any questions regarding PPP loans, please feel free to contact us.