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AICPA, CPA.com and Biz2Credit Launch New Platform for Small Business Funding

The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit today announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses both on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options that clients may need to fund growth.

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Loan Forgiveness Might Be Unattainable for Many Businesses

Small businesses might find it hard to navigate the Paycheck Protection Programs forgiveness program, reports the Cleveland Business Journal.

Development consultant Alrich Lynch has a Paycheck Protection Program loan — and now he has a forgiveness problem.

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Paycheck Protection Program Flounders

According to Politico, the Payroll Protection Program is running into problems as the program struggles to convert the loans into grants that can be forgiven.

When the government pledged to give small businesses billions of dollars in rescue loans during the pandemic, it was an offer almost too good to refuse: The loans could be forgiven if employers only maintained payroll

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