Posted by
Malka Trump, CPA
| September 16, 2020
PPP forgiveness on your mind? You’re not alone. Millions of businesses across the country received loans under the Paycheck Protection Program (PPP), keeping them afloat during the continuing COVID-19 economic instability. Now, as employers are starting to emerge from their PPP “Covered Period,” many are wondering where to begin the loan forgiveness process. Relax – you’ve got Viventium’s PPP Forgiveness Projection Wizard. Even before you’re ready to start crunching your numbers and filling out forms, Viventium’s PPP Forgiveness Projection Wizard can give you the foresight to know where you stand. Our projector guides you through a series of questions and provides explanations for any PPP forgiveness lingo you may not yet be familiar with. Simply follow the questions to enter some basic information about your company and the PPP loan you received, click submit, and our projector will provide you with an estimate of the numbers you may expect to see once you submit your actual forgiveness application. With Viventium’s PPP Forgiveness Projection Wizard, you can:
This information is for educational purposes only, and not to provide specific legal advice. This may not reflect the most recent developments in the law and may not be applicable to a particular situation or jurisdiction.
- Compare outcomes based on whether you select an 8-week or 24-week Covered Period;
- Choose to compute forgiveness using a regular Covered Period or an Alternative Covered Period;
- Compare the impact of salary or FTE reductions on your loan forgiveness potential; and
- Gain insight on where you stand currently with PPP forgiveness to determine what changes you may want to make to improve your numbers.
This information is for educational purposes only, and not to provide specific legal advice. This may not reflect the most recent developments in the law and may not be applicable to a particular situation or jurisdiction.