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This field is for validation purposes and should be left unchanged. The tool incorporates the PPP forgiveness calculator developed by the AICPA and is available to any business approved for a PPP loan, regardless of the lender it worked with to receive funding. THE CALCULATOR MAY NOT REFLECT CURRENT INTERPRETATIONS OF THE SBA AND TREASURY DEPT. This document is to be shared with anyone who needs a simple tool, and walk-through instructions, for calculating loan forgiveness. Modern…, 800 Market Street, Suite 500 To…, Implementing a password policy in your company is an easy first step in protecting against costly cyberattacks. Visit our COVID-19 Resource Center for other insights and tools surrounding the CARES Act. Business mortgage interest payments: copy of the lender amortization schedule and receipts or canceled checks verifying eligible payments from the Covered Period; or lender account statements from February 2020 and from the Covered Period through one month after the end of the Covered Period verifying eligible payments, Business rent or lease payments: Copy of current lease agreement and receipts or canceled checks verifying eligible payments from the Covered Period; or lessor account statements from February 2020 and from the Covered Period through one month after the end of the Covered Period verifying eligible payments. Let's get started. by submitting your Administrator designation now, Remember your Cover Period can not start prior to your disbursement date, Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period or the Alternative Payroll Covered Period, Payroll tax filings reported, or that will be reported, to the IRS (typically form 941), State quarterly business and individual employee wage reporting and unemployment insurance tax filings. … See full article. On June 5, 2020 the Paycheck Protection Program Flexibility Act of 2020 was signed into law that will, among other things, extend the time period allowed for businesses to spend PPP loan proceeds and ease restrictions on eligible forgivable expenses. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to … Paycheck Protection Program (PPP) Loan Calculator Disclaimer: The information provided by the SBA.com® PPP Loan Calculator is for illustrative purposes only and accuracy is not guaranteed. PPP Loan Forgiveness Toolkit & Calculator This template is based on interpretations of the CARES Act and guidance released through October 16, 2020. At Anders, our team is always ready to help your business succeed. We encourage you to start using our new Online Banking platform by submitting your Administrator designation now. Google Tag Manager Dec 26, 3:02 AM EST Menu. Our PPP Calculator, a powerful but easy to use Excel spreadsheet, accounts for every expense as you allocate your PPP funds, making it simple to determine your forgiveness amount, and report to your own financial institution. Download the Information Checklist to Apply for PPP Loan Forgiveness. Please provide your name and email below to download the DWH PPP Loan Forgiveness Calculator. PPP Loan Forgiveness Calculation Form Coronavirus (COVID-19): Relief options and Additional Resources. Category: Noteworthy April 18, 2020. Please see our important disclaimer regarding use of the calculator inside the Excel spreadsheet. Download the Information Checklist to Apply for PPP Loan Forgiveness. May even be included as an Exhibit to your PPP loan is for validation purposes and should left. Validation purposes and should be left unchanged help you walk through the application tool count toward PPP. Visit our COVID-19 Resource Center for other insights and services to help your business succeed OR MODELING of loan. ’ re dissecting CARES Act legislation and providing insights and tools surrounding CARES... Stay on top of the spreadsheet, the Est forgiveness Calculator – Prior version 5/22/20! 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