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  1. Home
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  4. Maximize Your Loan Forgiveness

Maximize Your Loan Forgiveness

What a relief! Your business has received a Small Business Administration (SBA) loan. After getting through the challenge of securing a loan, are you up for the details that come next? Companies must follow specific spending and documentation requirements to be eligible for loan forgiveness. Do you have the in-house knowledge and resources to properly understand the rules and account for the loan? Are you sure that what you submit will meet SBA regulations? How are you handling tracking your employee count and eligible compensation during the loan period? To give you the confidence you need, Clayton & McKervey has three ways to help.

Loan Forgiveness Services

LoanLoan Tracking
Our CPAs will help you determine the best use of loan proceeds to maximize loan forgiveness. We’ll assist in gathering the support to provide a clear accounting for the use of funds. This service will bring relief to your team as they focus on day-to-day financial and operational issues.


CalculationForgiveness Calculation
We will assist with the calculation of eligible payroll costs, other eligible costs, and forgiveness limitations that you will submit to the SBA for loan forgiveness.


ReviewForgiveness Review
If your team is up for the challenge of documenting the loan utilization and estimating forgiveness, we can provide oversight that the information is SBA ready. Send us your calculations and let us put our skills to work.


WorksheetDownload our Loan Assistance Support Workbook and contact us below if interested in the accompanying User Guide.


COVID Contact Form

Form for Maximize your loan forgiveness page

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Our team is always ready to help. Please contact us for more information.

James Biehl

Shareholder, Manufacturing & Distribution

Contact Jim   |   Read Jim's bio

Julie Killian

Shareholder, Advisory & Assurance

Contact Julie   |   Read Julie's bio

  • Featured Content
  • Related Insights

Maximize Your Loan Forgiveness

What a relief! Your business has received a Small Business Administration (SBA) loan. After getting through the challenge of securing a loan, are you up for the details that come next? Companies must follow specific spending and documentation requirements to be eligible for loan forgiveness. Do you have the in-house knowledge and resources to properly understand the rules and account for the loan? Are you sure that what you submit will meet SBA regulations? How are you handling tracking your employee count and eligible compensation during the loan period? To give you the confidence you need, Clayton & McKervey has three ways to help.

Loan Forgiveness Services

LoanLoan Tracking
Our CPAs will help you determine the best use of loan proceeds to maximize loan forgiveness. We’ll assist in gathering the support to provide a clear accounting for the use of funds. This service will bring relief to your team as they focus on day-to-day financial and operational issues.


CalculationForgiveness Calculation
We will assist with the calculation of eligible payroll costs, other eligible costs, and forgiveness limitations that you will submit to the SBA for loan forgiveness.


ReviewForgiveness Review
If your team is up for the challenge of documenting the loan utilization and estimating forgiveness, we can provide oversight that the information is SBA ready. Send us your calculations and let us put our skills to work.


WorksheetDownload our Loan Assistance Support Workbook and contact us below if interested in the accompanying User Guide.


COVID Contact Form

Form for Maximize your loan forgiveness page

Our team is always ready to help.

Please contact us for more information.

James Biehl

Shareholder, Manufacturing & Distribution

Contact Jim   |   Read Jim's bio

Julie Killian

Shareholder, Advisory & Assurance

Contact Julie   |   Read Julie's bio

Clayton & McKervey Announces New Stimulus Benefits Check-in Service

Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, has…

Read more

Are Foreign-Owned or Controlled Companies Eligible for a PPP 2.0 Loan?

The persistence of the COVID-19 pandemic has created challenging business conditions in Michigan and across the U.S. The second wave…

Read more

PPP Loan Round 2 – Should You Apply?

A new round of PPP loans (PPP2) was ushered in with the passage of the Economic Aid to Hard-Hit Small…

Read more

Understanding Transactions, Even if Your Business Isn’t for Sale

Selling your small business may not have been your focus in 2020 and may not be your focus in 2021.…

Read more

State and Local Tax Planning: What You Need to Know

In a world that is becoming more global, many companies have focused their resources on dealing with new international markets.…

Read more
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