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PPP Team Helps Client Identify Additional $300K in Non-Payroll Costs for Full PPP Loan Forgiveness

02.19.2021

Industry: Manufacturing

Challenge: Our client was completing their Paycheck Protection Program (PPP) loan forgiveness application and thought that they would be $200,000 - $300,000 short of full PPP forgiveness, resulting in a loan that they now had to pay back to their lender. But there were other eligible non-payroll costs that they didn't consider when completing their forgiveness application, including property leases.

Solution: By having dialogue with the client, discussing all eligible non-payroll expenses and addressing all parts of the application, we were able to identify cost items that they could include as part of their forgiveness application, ultimately resulting in full PPP loan forgiveness.

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