KROST PPP Lender Header PPP FORGIVENESS APPLICATION
REVIEW SERVICE FOR LENDERS
At KROST, our professional team has in-depth knowledge and expertise in PPP Loans. To date, KROST’s subject
matter experts have assisted over 280 entities in obtaining and managing over $300 million in PPP and EIDL loans.
CONTACT US At KROST, our professional team has in-depth knowledge and expertise in PPP Loans. Are you a borrower? Learn more about our PPP Loan Forgiveness Review Service for Borrowers »

PPP Forgiveness Application Review Service for Lenders

To assist lenders process applications for PPP loan forgiveness that they have received from their borrowers, KROST is providing a PPP Forgiveness Application Review Service. This will be undertaken as an Agreed-Upon Procedures service that will consist of:

  • Reviewing the supporting documentation provided by the borrower
  • Ensuring that the borrower has followed the SBA’s rules for forgiveness including the rules for safe harbor
  • Reviewing the calculations made by the borrower regarding eligible expenses, full- time equivalent employees, and salary/hourly wage reductions
  • Independently calculating the computed values that are part of the forgiveness application and comparing it to the borrowers
  • Independently calculating the forgiveness amount
  • Preparing and delivering an Agreed-Upon Procedures report, showing any discrepancies and errors with the borrower’s application, including the forgiveness amount

Why Hire KROST to Review Forgiveness Applications?

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. KROST’s subject matter experts have kept up to date with these changes to ensure that its clients are abiding by these rules. These same subject matter experts will provide the Forgiveness Application Review Service.

KROST has 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 a forgiveness application

What is KROST’s Track Record with PPP Loans?

To date, KROST’s subject matter experts have assisted over 280 entities in obtaining and managing over $300 million in PPP and EIDL loans.

KROST has published more than 30 articles on the subject of government-backed loans and has hosted webinars attended by thousands of company executives and independent service providers.

Download a copy of our PPP Forgiveness Application Review Service for Lenders Handout

KROST PPP Lender Loan Forgiveness Review Service



Connect with our PPP Loans Experts

Questions in regards to PPP loans? Our dynamic team of experts are here to help. Contact us today to schedule an appointment.

CONTACT US

Slide PAREN KNADJIAN Practice Leader - M&A/Capital Markets Paren Knadjian Stacey Korman, CPA - Los Angeles CPA Director - Accounting STACEY R. KORMAN, CPA, MST Slide SOSSI BEKARIAN, CPA Manager - Accounting Sossi Bekarian, CPA | Los Angeles CPA Firm Manager - Accounting