Problem
The economic impact of COVID-19 is well documented. The US government provided support to SMBs through the Payroll Protection Program in 2020 and 2021 which expired. This program was then expanded to help provide a stimulus boost to companies that kept employees on payroll during the pandemic via a new program called Employee Retention Tax Credit. This program differs from PPP in that it is not facilitate by banks, but rather it is a payroll tax refund program facilitated by expert third party processors.