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
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.
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.
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.