Paycheck Protection Program Specialty Services

If yours is one of the many American small businesses taking advantage of the Paycheck Protection Program (PPP), FML’s experts can assist you in a myriad of ways to ensure your organization is in the best possible position to utilize this program to its fullest potential for your unique circumstances.

What FML Can Do For YouFML will work with you to strategize, plan, and coordinate your application and the use of these funds to maximize your benefit. In many instances, 100% of these loan proceeds may be forgiven if your business meets specific requirements. We can help you set-up and execute loan tracking to ensure your benefit is where it should be. Our offerings include, but are not limited to:

Plan & Strategize Paycheck Protection Program Disbursements

Hiring / rehiring and impact on PPP loan forgiveness
Eligible rent/utilities/interest
Designating funds appropriately
Forgiveness calculations / establishing a baseline
Understanding and defining ‘full time equivalent employees’ for purposes of the calculations
Key timing requirements that will impact PPP loan and forgiveness
Interaction with federal / state tax legislation
Interaction with other Covid legislation
Understanding your obligations as an SBA loan recipient

Continuing Paycheck Protection Program Assistance

Coordination of documentation required to support eligible expenses
Analysis and reconciliation of payroll/rent/utility/loan documents and reporting
Assistance with calculations and support for loan forgiveness
Access to expert consultation during eight week measurement period