PPP Loan Forgiveness Process

During this episode we speak with Mark Nicholas, a CPA and forensic accountant with a 28 person accounting firm in St. Louis as well as Bloomington and Decatur, Illinois. Melissa Gragg, business valuation expert and host of ValuationPodcast.com, discusses the Paycheck Protection Program or PPP Loans and the Economic Injury Disaster Loan Program or EIDL and the forgiveness process of these loans. 

  1. Businesses are starting to get their EIDL loans. What are some of the major issues surrounding these loans? 

  2. There seems to be a lot of talk about spending requirements with the PPP loan. What are the key factors? 

  3. Is it about time when many businesses will start applying for forgiveness of their PPP loans. How do they go about this process? 

  4. Full-time equivalents are a somewhat hidden aspect of the PPP loan forgiveness program. How important are FTE’s to forgiveness? 

  5. What’s next for business? 

 

Melissa Gragg, CVA, MAFF, CDFA

Expert testimony for financial and valuation issues

http://www.BridgeValuation.com

melissa@bridgevaluation.com

Cell: (314) 541-8163

Bridge Valuation Partners, LLC

301 Sovereign Court, Suite 208 St. Louis, MO 63011

Mark A Nicholas, CPA, CFE, CVA, CFF, MAFF 

Managing Member 

Financial Litigation Consultants, LLC 

2712 McGraw Drive Bloomington, IL | 309-663-1353 

3130 Sutton Blvd Maplewood, MO  | 314-279-9223 

3040 N University Ave, Decatur, IL | 217-877-6766 

Email:  mark.nicholas@flc-llc.com 

Website: http://www.flc-llc.com 

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Buying and Selling a Business in a Crisis