Team

Lou Pizzileo

Lou Pizzileo, CPA

Partner

  • Jericho
  • (516) 336-2455
Lou Pizzileo is a Partner at Grassi, and plays a key managing role in the Firm’s Manufacturing & Distribution Practice.  Lou’s specialty is early stage and middle market companies, both public and privately held, in the technology, and manufacturing and distribution industries.

Lou assists his clients in many roles, from advising start-up technology companies in areas such as accounting for stock compensation and financings, to helping post-IPO clients navigate the SEC reporting requirements and audit process. Lou has more than 15 years of diversified public accounting experience.

Earlier in his career, Lou worked for two “Big 4” firms and as a part of the Public Company Accounting Oversight Board (PCAOB).  At his former national firm, Lou created and led a nation-wide Technology Practice, where he assisted some of New York’s marquee technology start-ups through their initial audits. 

Lou serves on his local Board of Education Audit Committee.  He was also selected as an honoree for the 2012 Long Island Business News “40 Under 40” Awards.

PPP Loan Forgiveness Application Overview

The Small Business Administration (SBA) has released its long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. Within the application is additional guidance that confirms or clarifies the information we already knew or suspected about how loan forgiveness will be calculated and achieved.

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SBA Gives PPP Borrowers More Time to Certify

Paycheck Protection Program borrowers of $2 million or greater in original loan size now have until May 18, 2020 to return the loan funds if they cannot certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the applicant.” 

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Treasury Clarifies PPP Certification Requirement

The Treasury has released more guidance on the Paycheck Protection Program (PPP) certification requirement. The PPP application requires borrowers to certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the applicant.”

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Certification Deadline for PPP Borrowers Extended to May 14

The Small Business Administration (SBA) has extended the deadline for borrowers to repay Paycheck Protection Program (PPP) loans if they cannot certify in good faith that the funds are necessary to support ongoing operations.

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Documenting Your Need for PPP Relief

The Small Business Administration has announced that recipients of loans through the Paycheck Protection Program could be asked to substantiate their need for this emergency relief. Proactively documenting your hardships caused by COVID-19 will help you verify your business's eligibility, if needed.

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Update on Main Street Lending Program

The Federal Reserve announced it is expanding the scope and eligibility of its upcoming Main Street lending programs, which will facilitate $600 billion of lending to small and medium-sized businesses under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

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More Relief Funds Headed to Small Businesses and Healthcare Providers

The President signed a new Coronavirus stimulus package that adds $484 billion more in relief for small businesses, hospitals and medical testing. 

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SBA Takes Action to Ensure PPP Loans Go to Businesses in Need

Since the CARES Act suspended the typical federal funding requirement that borrowers must be unable to obtain credit elsewhere, the Paycheck Protection Program (PPP) was open to a wider range of businesses.

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SBA Issues Guidance on Independent Contractor Eligibility for PPP Loans

The U.S. Small Business Administration has issued an Interim Final Rule clarifying how independent contractors and other self-employed taxpayers can take advantage of the emergency relief and loan forgiveness in the Paycheck Protection Program.

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Your PPP Loan Was Approved - Now What?

As the Paycheck Protection Program loans begin to get approved and the much-needed funds roll out to small businesses, borrowers quickly find their questions on the application process replaced with new and equally important questions, including: Now what? As we await guidelines from the SBA, borrowers can take these five steps to maximize loan forgiveness under the general requirements of the CARES Act.

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New Emergency Business Loan Options Available

Yesterday, the Federal Reserve announced the opening of its Main Street New Loan Facility (MSNLF) and Main Street Expanded Loan Facility (MSELF). These facilities are authorized to facilitate a total of $600 billion of lending to small and medium-sized businesses under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

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Treasury Clarifies PPP Loan Size and Eligibility Criteria

The Treasury released a new FAQ last night that clarifies certain areas of the Paycheck Protection Program (PPP) under Section 1102 of the Coronavirus Aid, Relief and Economic Security (CARES) Act

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FAQ: Understanding Business Loan Options under the Coronavirus Stimulus Package

Grassi's Emergency Loan Consultants are advising small business and nonprofits on their eligibility, options and strategies when applying for COVID-19 business loans available under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Here are some of the most commonly asked questions our advisors are hearing and answering.

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SBA Issues Additional Guidance on Paycheck Protection Program

The U.S. Small Business Administration released additional guidance on the Paycheck Protection Program (PPP) last night, making significant modifications to the loan calculation and terms for businesses seeking relief from COVID-19 losses.

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Crossing the PPP Finish Line

Now that the SBA has released its application and guidelines for requesting Paycheck Protection Program (PPP) loan forgiveness, all eyes will be set on documenting and securing this essential business relief. Join Grassi's Emergency Loan Consulting team on Thursday, May 21, as they break down the guidance.  
 

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Countdown to PPP Certification Deadline

The Small Business Administration (SBA) has given Paycheck Protection Program (PPP) borrowers until May 14, 2020 to repay the loans if they cannot certify in good faith that the funds are "necessary to support ongoing operations."  Join our Emergency Loan Consultants and professionals from Falcon Rappaport & Berkman PLLC for an emergency session on Wednesday, May 6 to guide you through the issues and strategies you should consider when documenting your need for PPP loan funds.

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Part II: Your PPP Loan Was Approved - Now What?

Planning Your Workforce and Spending to Maximize Loan Forgiveness

As we await additional guidance from the SBA on PPP loan forgiveness, Grassi's Emergency Loan Consulting professionals will be presenting a live webinar on April 27 to help borrowers prepare to maximize this relief.

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PPP Loan Forgiveness Webinar

Positioning Your Business for Maximum Loan Forgiveness

Join Grassi's Emergency Loan Consulting professionals for a live webinar on April 16, 2020 at 11 a.m. EDT to learn how your business can prepare to maximize PPP loan forgiveness.

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Essential Webinar: The Road to Relief

Understanding your loan options and tax savings under the new CARES Act

Join Grassi's Crisis Response & Recovery team on Tuesday, March 31 at 10:30a.m. EDT for a live webinar as we discuss the loan options, tax savings and other relief available to help your business recover from the impact of the COVID-19 pandemic.  

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Webinar: The Road to Relief

Understanding SBA, FEMA and other aid for businesses impacted by COVID-19

As financial relief from SBA, FEMA, state and federal sources begins to flow to businesses struggling with COVID-19 losses, the choices, decisions and next steps can be difficult to navigate alone. Let Grassi’s Crisis Response team help you assess your available options and expedite your path toward receiving the assistance your business urgently needs.

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Education

    BS, Long Island University

Memberships

    American Institute of Certified Public Accountants (AICPA)

    New York State Society of Certified Public Accountants (NYSCPA)

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