CARES Act and PPP Loan Disclosure

Beaird Harris has assisted you with the CARES act and SBA loan program (hereafter referred to as “the Program”) process in good faith, based on our understanding of the rules. This may include, but not limited to, completing an estimated Paycheck Protection Program (“PPP”) calculator for determining loan amount and/or forgiveness. If you or the lender disagree with any of our estimated computations or interpretation of the PPP loan rules, please default to the Lender as needed, as they will be the final authority in these loan matters with the SBA. 

With your submission of information to us you represent and warrant to us that it will be accurate and complete to the best of your knowledge; and agree that our firm will be able to rely, without independent verification, on the accuracy and completeness of the information provided. We will not audit or otherwise verify the information you submit to us and we will not express an opinion or other form of assurance thereon. Any work product prepared by us is intended solely for your use in submitting your loan application to your SBA approved lender. As such, you agree not to distribute our work to any other parties, for any other purpose.

Please note this is a very fluid environment and we are expecting more guidance from the SBA and Treasury on PPP loan issues. This future guidance may change the computation methodology or our interpretation of the rules. 

Ultimately, it is your responsibility to make decisions related to any of the SBA loan programs, which program(s) is best suited for your business, what information should be provided to the lender, and the interpretation of the CARES act as it relates to your business.