Organizations that received PPP loans are now navigating the complex eligibility and compliance rules for loan forgiveness. The announcement by the Small Business Administration (SBA) that all loans in excess of $2 million will be subject to audit prior to loan forgiveness has many struggling to prepare for the inevitable scrutiny of their organization's need-basis, use of funds and supporting financial documentation. T&M's team of CPAs, forensic accountants, auditors and legal consultants offer guidance every step of the way.
Established by the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration's Paycheck Protection Program loaned stimulus funds to qualifying organizations based on sophisticated financial eligibility criteria. To obtain loan forgiveness, organizations must now collect extensive supporting documentation and file an application. T&M provides guidance and education to PPP recipients as they prepare to seek loan forgiveness.
Let T&M assist your organization with evaluating and collecting the documentation needed to support your application for PPP loan forgiveness. Our process includes:
For organizations facing SBA audit, T&M will be with you every step of the way. Our team of CPAs, forensic accountants, auditors and legal consultants - many of whom possess government experience - have the audit preparation experience needed to guide you through the process with ease and provide peace of mind.