Which PPP Loan Forgiveness Application is right for you?|
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The ever-changing guidance for the Paycheck Protection Program (PPP) loan has caused borrowers to rethink their strategies several times.
Now that your Covered Period is over and you’re ready to apply for forgiveness, there’s yet another decision ahead – how to know which of the three PPP loan forgiveness applications is right for you.
Aprio’s PPP loan forgiveness team created a road map to help you navigate the application selection process.
Preparing your PPP loan forgiveness application? Need assistance?
Consider working with an Aprio advisor. Our dedicated PPP team has been closely monitoring all updates from the SBA, IRS and the Fed. We’ve been working closely with both banks and businesses to facilitate loan forgiveness. Contact an Aprio Advisor for PPP loan forgiveness support or reach out to Aprio’s PPP loan forgiveness team.
Disclaimer for services provided relative to SBA programs and the CARES Act
Aprio’s goal is to provide the most up to date information, along with our insights and current understanding of these programs and regulations to help you navigate your business response to COVID-19.
The rules regarding SBA programs are constantly being refined and clarified by the SBA and other agencies In certain instances, the guidance being provided by the agencies and/or the financial institutions is in direct conflict with other competing guidance, regulations and/or existing laws.
Due to the evolving nature of the situation and the lack of final published rules, Aprio cannot guarantee that additional changes or updates won’t be needed or forthcoming and the original advice given by Aprio may be affected by the evolving nature of the situation.
You need to evaluate and draw your own conclusions and determine your Company’s best approach relative to participation within these programs based on your Company’s specific circumstances, cash flow forecast and business strategy.
In situations where resources are provided by third parties, those services should be covered under a separate agreement directly with that service provider. Aprio is not responsible for the actions of any other third party.
Aprio encourages you to contact your legal counsel to address the legal implications of the impact of the CARES Act and specifically your participation in any of the SBA programs.