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 the full article…
PPP loan
[Webinar] PPP – Calculating, Optimizing and Tracking Use of Funds to Maximize Loan Forgiveness
Join us on Wednesday, May 13th at 10 AM, as we host a webinar led by Paren Knadjian, Head of M&A and Capital Markets at KROST. This webinar will give an update on the latest guidance on the use of PPP loan proceeds, best practices for the use of these loans, and will give a Read the full article…
[Updated] PPP Budgeting and Forgiveness Tool
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 Read the full article…