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Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer

COVID-19 Guidance Center

Tax Implications and Financial Business Guidance Regarding the Coronavirus

Employee Retention Credit Tax Services

Expanded Employee Retention Credit (ERC) & how our professionals can assist you.

Federal Tax Reform: Opportunity Zones

Community Revitalization by Rewarding Private Investment

How Can We Guide You?

Cherry Bekaert

COVID-19 SBA Loan Assistance

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First Draw PPP Loan Services

Loan Application Consulting

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Loan Application Preparation Assistance

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Loan Forgiveness Consulting

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Loan Forgiveness Documentation Assistance

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Second Draw PPP Loan Services

Loan Application Consulting

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Loan Application Preparation Assistance

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Loan Forgiveness Consulting

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Loan Forgiveness Documentation Assistance

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Did you receive a loan from the Paycheck Protection Program (“PPP”) and now you want to ask for forgiveness?

See how Cherry Bekaert can guide you through the PPP loan forgiveness documentation process to receive employer payroll loan forgiveness.

The services we anticipate providing are based upon our current understanding of the terms and conditions applicable to the PPP, as set forth in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Program, including its related Forgiveness Provisions, is subject to further interpretation and clarification as regulations and guidance are issued by various regulatory agencies, including the U.S. Small Business Administration (“SBA”).

Two Ways Cherry Bekaert Can Assist with
Payroll Protection Loan Forgiveness

PPP Loan Forgiveness
Consulting

Support to the Client to Include:

General consulting and
guidance to help clients complete
their PPP loan forgiveness package.


Fees

Minimum Fee $1,000 ($500/HR after 2 hours)

Have a question before you sign-up?

PPP Loan Forgiveness Documentation Assistance

Support to the Client to Include:

  • Obtain from you the exact date of PPP loan funding and confirmation of the amount of loan proceeds received by you.
  • Schedule an initial, virtual consultation with you or your designee to review forgiveness requirements and methods that can be utilized to track the use of loan proceeds on allowable expenditures. At this time, we will discuss planning opportunities for maximizing forgiveness.
  • Provide ongoing consultation on aspects of loan forgiveness as you may require up to the time of submission of request for forgiveness.
  • As needed, review your results of tracking of allowable expenditures and begin assessment of whether it is likely you, the borrower, will achieve a sufficient level of allowable expenditures to request a full and complete PPP loan forgiveness.
  • Once your covered period has ended, work with you or your designee to assemble the necessary supporting documentation and related calculations necessary to be submitted to regulators in order to substantiate PPP loan forgiveness, in full or in part.
PPP Loan Size Expected Total Fee Due Upon Execution Due with Beginning of Forgiveness Calculations Due Upon Delivery of Loan Forgiveness Package*
Less than $250,000 $3,500 $1,500 $1,000 $1,000*
$250,000 – $500,000 $5,000 $1,500 $1,750 $1,750*
More than $500,000 $7,500 $2,500 $2,500 $2,500*

Have a question before you sign-up?

Do You Want to Apply for a Paycheck Protection Program Second Draw Loan?

Under the Program guidelines currently in place, we will provide consultative services to assist you in understanding relevant aspects of the PPP Second Draw loan program. There are numerous factors that can increase the complexity of the application including matters such as the Gross receipts test, whether the Client and/or their owners are considered part of an Affiliated Group, whether the Client has any non-U.S. based employees or non-US owners or Board members, whether the Client may qualify for any exceptions to the 300 employee level (as defined by the Program) during 2019, etc.

The Client will be required to select a qualified SBA lender of their choice or in certain circumstances, the Client may use an Agent to assist with securing loan proceeds under the Program. Cherry Bekaert is not acting as an Agent, as defined and determined under the Program. It is the Client’s sole and express responsibility to submit the Client’s application and/or any required supporting documentation to any lender.

This engagement is in no way a guarantee that the Client’s loan package will be accepted as complete by an SBA participating lender; it is in no way a guarantee that any lender will approve the package or close a loan. We cannot guarantee that the Client will be qualified for loan forgiveness; that decision is at the sole discretion of the SBA and a participating lender. Our fees are not contingent on the Client obtaining an approval of their loan package or on successfully closing a loan under the PPP Second Draw program.

 

PPP Second Draw Loan Consulting

Support to the Client to Include:

Technical support and guidance for the
PPP loan application, including a review of the application prepared by you.

Fees

Minimum Fee $1,000 ($500/hr after 2 hours)

Have a question before you sign-up?

Assistance with the PPP Second Draw Loan Application

Support to the Client to Include:

  • Technical support and guidance for the PPP Second Draw loan application
  • General checklist of documentation required to support the loan application.
  • A calculation tool to assist in the determination of Average Monthly Payroll and other relevant criteria to establish the Loan Amount to which you may be entitled.
  • An overview of the Client’s loan package before it is submitted to an SBA lender.


Fees

Business Not-for-Profit
Existing CB Client $3,000 $2,500
New CB Client $3,500 $3,000

Have a question before you sign-up?

Do You Want to Apply for or Revise a PPP First Draw Loan?

If you did not apply for and receive a PPP First Draw Loan and you think you are eligible to receive one, you have until March 31, 2021 to apply. In addition, if you applied for a first draw loan but, due to changing regulations, you are eligible for additional funds, you can reapply. There are still a number of factors that can increase the complexity of the Paycheck Protection Program (“PPP”) loan applications, including whether you are considered part of an affiliated group or have non-U.S. based employees or non-US owners or Board members, etc.

We offer preparation and consulting services to help you with your First Draw loan needs. Choose what option is best for you:

 

PPP First Draw Loan Consulting

Support to the Client to Include:

Technical support and guidance for the
PPP loan application, including a review of the application prepared by you.

Fees

Minimum Fee $1,000 ($500/hr after 2 hours)

Have a question before you sign-up?

PPP First Draw Loan Application Preparation Assistance

Support to the Client to Include:

  • Technical support and guidance for the PPP First Draw loan application
  • A general checklist of documentation required to support the loan application.
  • A calculation tool to assist in the determination of Average Monthly Payroll and other relevant criteria to establish the Loan Amount to which you may be entitled.


Fees

Business Not-for-Profit
Existing CB Client $3,000 $2,500
New CB Client $3,500 $3,000

Have a question before you sign-up?

PPP Forgiveness Recorded Webinars

Have you received a PPP loan, but don’t know what’s next? We’ve partnered with CenterState Bank to help guide clients through the PPP loan forgiveness process. Together, we’ve created a series of webinars to help you understand the ins and outs of the PPP loan process, from qualifying expenses to maximizing your loans.

PPP Forgiveness Recorded Webinars

Questions on Paycheck Protection Program Services?