Squar Milner advises both PPP borrowers and lenders and can provide you with the necessary support for your business. We offer an experienced team and proven processes to provide thorough and comprehensive loan forgiveness services as they relate to the Paycheck Protection Program.

We have educated clients and business contacts by providing webinars, insights, and other resources on obtaining PPP loans, and we continue to assist PPP borrowers with maximizing their loan forgiveness, including designing, building, and implementing our own proprietary PPP loan forgiveness calculator platform.

Through our experience with this and other aspects of the PPP loan process, we have obtained significant practical knowledge to provide you and your business with the support you need.

How We Can Help Borrowers

Since the funding of the initial PPP loans in April 2020, Squar Milner has worked with scores of PPP borrowers with loans ranging in size from $50,000 to $10 million, to assist with various aspects of PPP loan disbursement and forgiveness. Our service line offering includes:

  • Preparation of estimated PPP loan forgiveness modeling calculations
  • Weekly cash flow planning
  • Compilation and analysis of eligible payroll and non-payroll costs
  • PPP loan proceeds cash reconciliation
  • Assistance with the preparation and review of the PPP loan forgiveness application and supporting documentation
  • Keeping you abreast of applicable provisions regarding your obligations and opportunities for your PPP loan and loan forgiveness

How We Can Help Lenders

Squar Milner can offer lenders assistance with the loan forgiveness application evaluation process. Our professional services related to the evaluation of these applications includes:

  • Assistance with the design and development of application and document submission portals
  • Examination of borrower loan records for confirmations
  • Confirmation of receipt of borrower documentation submissions
  • Review and evaluation of documentation supporting the requested loan forgiveness amount
  • Implementation of identification and remediation procedures for borrowers that provide insufficient, inaccurate, or incomplete documentation
  • Completion, review and submission of client forgiveness forms to the SBA

Contact Us For More Information

Key Contacts

Caroline Banzali
Partner, Tax Services

cbanzali@squarmilner.com

Pauline Dumas
Principal, Consulting Services

pdumas@squarmilner.com

Related Insights

New PPP guidance on owner-employee compensation and nonpayroll costs
Accounting

New PPP guidance on owner-employee compensation and nonpayroll costs

On August 25, 2020, the U.S. Small Business Administration (SBA) and Treasury issued an interim final rule addressing Paycheck Protection…
AICPA provides guidance on PPP forgivable loan accounting
Audit & Accounting

AICPA provides guidance on accounting for forgivable PPP loans

On June 10, 2020 the American Institute of Certified Public Accountants (AICPA) released accounting guidance for Paycheck Protection Program (PPP)…
Congress Votes to Extend the Paycheck Protection Program to August
CARES Act

Congress Votes to Extend the Paycheck Protection Program to August

On July 4, 2020, President Trump signed into law a bill extending the deadline for eligible small businesses to apply…
SBA issues updated PPP loan forgiveness application
CARES Act

SBA issues updated PPP loan forgiveness application

On June 17, 2020, the U.S. Small Business Administration (SBA) released an updated version of the Paycheck Protection Program (PPP)…