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Tune in to this update for important details on the final phase of the PPP including a reminder that your client will not be eligible for funding if their application is not into the SBA by Monday, May 31. Since submission of new applications through the Portal is closed, we covered how to assist clients with applying through a Community Financial Institution (CFI) and highly recommended that firms do this by tomorrow, Friday 5/28 at the latest.

A deep dive on agent fee payment was also reviewed including the processing /disbursement timeline, where to find invoices and how to see what has already been paid and what is pending. We encourage you to review your commission report to confirm the payments you are expecting are correct. If anything does not align with your expectations, please email cpasupport@biz2credit.com as we are aware that discrepancies are a possibility.

Additionally, a new feature was highlighted: Assigning forgiveness application to the borrower. Please note, should you and your client choose to go this route for forgiveness, this will not be reversible.