Swenson Advisors LLP Announces SwenAssurePPP

SAN DIEGO, May 18, 2020 /PRNewswire/ -- SwenAssurePPP is a complete process which includes an attest report utilizing accounting and auditing standards that guides private companies & nonprofit organizations through their Paycheck Protection Program (PPP) loan forgiveness requirements.

On March 27, 2020, the CARES Act was signed into law to provide emergency assistance and economic relief to individuals and businesses affected by the COVID-19 pandemic. Under this Act, the Paycheck Protection Program (PPP) enabled many small businesses and nonprofits to secure loans in order to help cover some of the following needs:

• Salaries
• Rent
• Healthcare Benefits
• Debt Obligations
• Mortgage Interest
• Utility Costs

PPP Loan Forgiveness is Not Guaranteed

You must not only meet the many computational guidelines of the CARES Act, but you must also provide your lender with documentation that supports your proper use of the funds.

Once you receive your PPP funds, you must keep track of how you utilize those funds and the information needed in order to properly document the forgiveness portion of your loan.

We Can Help

As a full-service accounting, tax, and consulting firm, Swenson Advisors LLP is ready to help you navigate these complex rules. Utilizing our SwenAssurePPP process, you will be able to organize, document and deliver a report to your SBA lender that satisfies the necessary loan forgiveness requirements.

For more information on how we can help, CONTACT US TODAY!

Visit: www.SwensonAdvisors.com  | Email: [email protected]

SOURCE Swenson Advisors, LLP

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