As lenders process and administer high volumes of loans subject to strict forgiveness requirements, Friedman appreciates the importance of supplementing your team with experienced financial professionals who can help you meet tight deadlines and high demand.
Friedman’s outsourced teams will assist you throughout the Paycheck Protection Program (PPP) loan forgiveness process, with everything from obtaining documents from the borrower to communicating the final forgiveness amount. Our services include:
- Reviewing borrowers’ forgiveness applications for completeness
- Checking calculations of forgiveness amounts
- Analyzing supporting documentation for compliance
- Identifying outliers for risk review
- Ensuring regulatory compliance with ongoing analysis of the program
- Communicating with you to resolve discrepancies
Leaders in PPP. Our COVID-19 Task Force has closely analyzed the PPP and related guidance since the CARES Act was before Congress. Our staff is trained on the latest developments and our dedicated resource page hosts articles and webinars on various PPP-related topics, accessible here.
Technically Refined. Our professionals know how to analyze loan applications; review invoices, lease agreements, and payroll records; and perform risk assessments to reduce the likelihood of future scrutiny by regulators.
Agile and Adaptable. Friedman is a full-service accounting firm with about 600 personnel, including 90 partners, and is an independent member of DFK USA/International. We offer you personalized attention and large-firm resources tailored to meet your needs.
Reach out to a Friedman advisor to learn more.