As a lot of small business owners have realized, PPP paperwork has been a huge headache. A new online tool is available to make the process easier. You can access the tool at PPPForgivenessTool.com.
Any company who has taken out a PPP loan can utilize the tool for free regardless of whether that business worked with a bank or non-bank lender. The website provides a number of tools that are aimed at making the application process easier. Money is still available and there are updates to the guidelines that have been taken into account.
“From the beginning [of the PPP], we’ve been issuing documents with what our recommendations were and our suggestions on how loan forgiveness works,” says Erik Asgeirsson, president and CEO of CPA.com. “And now we’ve put it all into one application process.”