Expert Preparation Helps Food Prep Business Secure Multi-Million Federal Emergency Loan

Client Profile

Annual Revenue: $487 million
Entity Structure: Corporation
Industry: Food Packaging
Geographic Footprint: U.S. & Canada

Doctor and Infant Issue

When its revenue was severely impacted by the COVID-19 crisis, a food preparation and packaging business sought emergency help through the federal Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). With about 40% of its customers nonoperational, the company was scrambling to find support to quickly complete the PPP loan application and locate a lender. Because the organization started the process late, there was a short timeframe to complete the forms. In addition, due to the late start, the company risked missing out on the federal loans because many other companies were also trying to access the funds before the CARES Act allocated funding ran out, which was available on a first come, first serve basis.


The CBIZ credit risk services team assisted the company with the PPP loan application process. We reviewed the calculations to ensure that the payroll expenses listed fit the PPP eligibility criteria, and determined the correct number of employees. A question quickly arose that needed investigation: the company employed over 100 temporary employees provided by an agency and needed to understand if those employees would affect the headcount data needed for the PPP application. CBIZ determined that the temporary staff were not considered company employees and could not be included in the PPP application. Over an intense four-day period, CBIZ assisted in completing the application after verifying the accuracy of the input, including the adjustments needed for employees earning over $100,000 annually.


The company received a multi-million-dollar PPP loan. The funding is helping the organization overcome the shortfall experienced due to a major loss in customers. While the company found a lender on its own, CBIZ provided expert preparation of the PPP application that was submitted to the bank.

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Expert Preparation Helps Food Prep Business Secure Multi-Million Federal Emergency Loan Pathways to PPP Access...2020-10-02T11:00:00-05:00

Providing Pathways to PPP Access