Maximize loan forgiveness under the PPP
We want you to maximize your loan cancellation under the Paycheck Protection Program.
And we have developed a tool to help you.
Update June 4, 2020: We expect significant changes to PPP regulations to be enacted and we are working on updates to our Maximizer report. The updated report will still provide planning resources for companies that have received PPP loans and take into account the submission deadline of December 31, 2020.
As of May 1, 2020, the Small Business Administration (“SBA”) has approved almost 3.9 million Paycheque Protection Program (“P3”) Loans. If your business has been approved for a loan or has already received PPP funding, then congratulations! The challenge ahead is to use the funds correctly and in a way that maximizes loan cancellation.
Why is it so important to maximize forgiveness?
The simple answer is FORGIVENESS = FREE MONEY for your business. And UNFORGIVED FUNDS = REFUND.
The decisions you make over the next eight weeks could affect your business over the next two years. The repayment terms of the PPP loan include two-year amortization and six months of deferred payments, during which interest on the unsaved amount accrues.
Drawing
Here is an example of why maximum forgiveness is so important. Suppose you receive a loan of $ 200,000. But because one of your employees did not fully understand the approved uses of these funds, only $ 100,000 of the loan amount is forgivable. Under the repayment terms, you defer payments on the amount not forgiven for six months. But at this time, only six months after the first disbursement loan, you must start making payments on your PPP loan from $ 5,627.26 per month for the next eighteen months on the $ 100,000 unsatisfied balance of your P3 loan.
Our FORGIVENESS MAXIMIZER report will help you (and your staff) understand the appropriate uses of the P3 loan proceeds and guide you to achieve your goal. maximum forgiveness quantity. Our report is specific to your business and its needs. The report contains:
- Multiple loan usage scenarios, applying your data to the SBA’s complex and often misunderstood guidelines for using and remitting PPP loans
- A detailed description of the appropriate uses of PPP loans and the most common mistakes businesses make resulting in UNFORGIVED loans
- Our proprietary analysis and detailed recommendations for the steps your business needs to take to MAXIMIZE FORGIVENESS
Click here for extracts of a sample report.
Costs
The price of your personalized Forgiveness Maximizer ™ report is based on your approved PPP loan amount.
| Amount of the loan | Report cost |
| Less than $ 150,000 | $ 500 |
| $ 150,000 – $ 349,999 | $ 750 |
| $ 350,000 – $ 999,999 | $ 1250 |
| $ 1,000,000 + | 1600 $ |
Time range
We understand that you want to put these funds to work. We have the resources to deliver your report to you within 72 hours from the moment we receive your completed PPP loan worksheet.
To treat
If you want to maximize your loan forgiveness, start the process by filling out the red form on this page. You will receive an email confirming that we are able to represent you by the next business day.
Your confirmation email will contain a link to our secure online payment portal, where you will submit a credit card payment for the report. Upon confirmation of payment, you will receive a second email containing a link to our secure online information questionnaire.
Based on the information you provide through the questionnaire, we will prepare your Loan Forgiveness Maximizer ™ report. You will receive our report within 72 hours of completing the questionnaire.
Key information
This report is not a substitute for your lender’s loan forgiveness request. Your Forgiveness Maximizer ™ report will be based on the most recent law and guidelines proposed by the SBA. A change in SBA guidelines may impact our recommendations.