Leading advisory, tax and assurance firm Baker Tilly Virchow Krause, LLP (Baker Tilly) launches a comprehensive Paycheck Protection Program (PPP) portal that provides easy-to-use, readily available tools for both borrowers and lenders in the loan forgiveness process.
“We understand the challenges business owners may face in applying for a PPP loan, monitoring the loan proceeds and complying with forgiveness submission requirements specific to their unique payroll situations.”
Developed pursuant to the guidelines established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the PPP Flexibility Act that President Trump signed into law on June 5th, the Baker Tilly PPP Loan Forgiveness portal helps qualifying businesses during the three phases of their PPP loan process including:
- Complying with the SBA loan forgiveness application requirements for submission
- Monitoring the utilization of loan proceeds to help maximize forgiveness
- Applying for any new SBA loans based the passing of the Flexibility Act
The portal provides a self-service toolkit and Excel-based calculator along with an automated process for complying with requirements and monitoring loan forgiveness.
“Wherever business owners are in the PPP process, our specialists can help them navigate next steps,” Baker Tilly Partner and Small Business Practice Leader Todd Bernhardt said. “We understand the challenges business owners may face in applying for a PPP loan, monitoring the loan proceeds and complying with forgiveness submission requirements specific to their unique payroll situations.”