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FD Announces Federal CARES Act Monitoring and Debt Forgiveness Verification Program

Nationally ranked CPA firm to support SBA lender and small business efforts to navigate the requirements under the newly enacted Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act,” and specifically the Paycheck Protection Program.

 

The FD CARES Act Program is led by FD Principal Bradley Carroll, a former bank Chief Audit Executive. Carroll and his team bring decades of bank audit experience to this initiative.

The CARES Act tasks SBA lenders with administering the Paycheck Protection Program, which contains specific requirements regarding how a business can deploy the proceeds from the loans under the PPP and how that business may ultimately qualify for debt forgiveness under the program.

“The recently enacted CARES Act promises much-needed relief to businesses that qualify,” said Carroll. “We understand that in the face of large anticipated demand for the PPP loans, both lenders and their business applicants will be significantly challenged with the verification process that can lead ultimately to debt forgiveness under the program. The FD CARES Act Program is designed to provide third-party attest services for debt relief.”

The FD CARES Act Program will also include assistance for businesses seeking to take advantage of the various payroll and other tax provisions that can provide much-needed cash relief.

Interested financial lenders and businesses can learn more about the FD CARES Act Program and schedule appointments at http://www.frazierdeeter.com/coronavirus/SBA

About Frazier & Deeter

Frazier & Deeter is a nationally recognized accounting and advisory firm headquartered in Atlanta, Georgia, USA. Frazier & Deeter and its FD family of brands have nine offices across the United States and one in the United Kingdom. The firm has been recognized repeatedly as a Best of the Best Accounting firm, a Best Firm to Work for in the U.S. and a Best Firm for Women in Leadership. The firm provides a wide range of tax, audit, accounting and advisory services to help clients reach their unique financial goals. Frazier & Deeter’s brand promise is investing in relationships to make a difference™.

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