PBO Advisory Group CARES – PPP Forgiveness Calculator
Once you receive your Paycheck Protection Program (PPP) funds, you must keep track of how you utilize those funds. Section 1106 of the CARES Act specifies how the information should be tracked. To assist you, PBO Advisory Group’s Consulting CFO Scott Palka has created a forgiveness calculator, along with a video tutorial that is consistent with Section 1106’s requirements.
Please note: The requirements of the PPP are rapidly changing as the government issues more guidance. Please check our website often for updates. Additionally, your PPP lender may have specific tracking requirements. We suggest you talk to your lender for more information about tracking and documentation.
PBO Advisory webinar: PPP Funding – Usage, Tracking and Forgiveness
PBO Advisory blog: Know Your Numerator and Maximize Your Loan Forgiveness
PBO Advisory Blog: Know Your Denominator
If you have any questions about how to use the forgiveness calculator and/or about any aspect of PPP loans, please reach out to the PBO Advisory Team for assistance.
The information provided by PBO Advisory Group in the PBO CARES Section 1106 Forgiveness Calculator and accompanying instructional video hosted by Scott Palka is not provided as legal or professional advice and is intended for educational purposes ONLY. The CARES Act is constantly evolving – please consult with the SBA website or the U.S. Department of the Treasury’s website for updates.