Businesses near and far may benefit from a free PPP forgiveness tool that recently was launched by the AICPA and fintech lender Biz2Credit.
The tool, PPPForgivenessTool.com, is designed to help borrowers and their CPA advisers complete the forgiveness application for Paycheck Protection Program (PPP) loans.
The tool will produce all government-required forms automatically and the PPP applicants will be able to electronically sign the required documents and save them into a downloadable file that can be provided to PPP lenders.
CPA.com, the AICPA’s business and technology division, helped develop the tool along with Biz2Credit.
“Our broader goal with this tool is to also help drive a common approach to this process with the payroll and lender communities,” Erik Asgeirsson, president and CEO of CPA.com, said in a press release.