Solutions to help you with PPP loans

The Consolidated Appropriations Act of 2021, a $900 billion coronavirus relief and stimulus package, includes an extension of last spring’s Paycheck Protection Program, allowing another $284 billion or so in forgivable, federally backed loans for ailing small businesses.

Whether you need help understanding how the legislation affects your current PPP loan or guidelines on how to get a new PPP loan in the second round, we can help.

Securing a PPP loan

We can help you obtain funds through your traditional lending partner or work with our existing relationships to facilitate your application. Our team has already helped more than 5,000 clients secure PPP loans.

How to get approved for a PPP loan

The new round of funding contains higher eligibility requirements. Eligibility now requires you to demonstrate at least a 25 percent reduction in gross receipts in either the first, second, third, and in certain cases the fourth quarter 2020 vs. the 2019 same quarter.

We can help you establish the appropriate financial accounting processes to ascertain your eligibility.

Investing in your future

The Consolidated Act of 2021’s covered expenses extend beyond payroll to include making the investments you need to be successful in the future, such as digital transformation through e-commerce, cybersecurity, CRMs or ERPs. Our Wipfli Digital team can help assess your needs and build a roadmap that meets PPP2 requirements.

Expense tracking and loan forgiveness

Our accounting professionals help you develop a project plan so you can meet the timeline for PPP loan forgiveness. We can advise on the process, your accounting and finance operations or take on the loan calculations and tracking ourselves.

Fill out the form to receive more information about PPP loan eligibility, opportunities to invest in your future and other advisory services. This is not a loan application, just a way to gather information to prepare to work together.

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