Hilltop Advisors’ PPP team can assist your Bank with processing the PPP Applications for Forgiveness and their submission to the SBA. Hilltop has been on the forefront of interpreting PPP guidance to keep clients apprised of constant changes to provide the most up-to-date information calculating loan forgiveness. We have been engaged with banks of all sizes to help with one or more of the following:
- assist in selecting and set up of the purchased PPP technology application, if needed, we have evaluated a number of tech applications that have a wide range of capabilities.
- review the borrower’s payroll reports and compare to amounts entered into the Application,
- review the borrower’s employee benefits (health insurance, dental insurance, and health savings account contributions) and compare to amounts entered into the Application,
- review the borrower’s expenses (rent/mortgage payments, utility payments, etc.) and compare to amounts entered into the forgiveness calculations,
- assess whether the claims are calculated in compliance with the PPP requirements, and
- provide training, if needed, for the Bank’s personnel that use the claims review process.
We know the PPP requirements very well, as Hilltop Advisors is a PPP borrower and a consultant to the PPP lenders – Hilltop has the borrower’s and the bank’s perspectives. Our team is made up of financial services’ accountants and consultants (for more detail go to our website at www.thehilltopcompanies.com). If you want to discuss how Hilltop might help your Bank – please reach email/call Jeff Oliver, CEO at gaoliver@thehilltopcompanies.com or on his cell at 703-801-1921.