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Employee Retention Credit


ERC Apply Today


Was Your Business Affected by COVID-19?

Good news!

Flora Bank & Trust has partnered with Innovation Refunds, an expert FinTech provider, to help you unlock more government incentives and substantial cash refunds!  Our preliminary analysis indicates that you likely qualify for up to *$26,000 per eligible employee on your payroll with the Employee Retention Credit.

Click below to qualify by filing out the 12 minute application.

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Don't let PPP confuse you.  ERC is a different program that you likely DO qualify for!  Click the link and complete a 12 minute application to find out.

Frequently Asked Questions
  1. What is the ERC - Employee Retention Credit?
    ERC is a payroll tax refund born out of the same COVID relief bill as PPP which incentivized businesses who kept employees on payroll during the pandemic. Originally, companies were limited in their ability to claim either PPP or ERC but not both. In early 2021 the rules changed and now your business can claim ERC even if you received PPP funds. That’s great news!

  2. How is ERC different from PPP?
    PPP was a forgivable loan. ERC returns to the business payroll taxes you already paid. Once you receive the ERC funds from the US Treasury no further action is required on your part.

  3. How do I know if I qualify?
    Over 90% of businesses qualify, often when their CPAs said they did not. Digging deeper, the rules provide two different ways to qualify based on negative impacts from COVID. In 2020 and/or 2021, did your business experience either: (A) limitations of commerce, travel or group meetings, OR (B) a significant decline in revenue? If you answered yes to either of these, your business qualifies. Congratulations!

  4. How is the refund calculated?
    Determining the proper amount that you’re entitled to is a complex accounting process that requires an expert analogous to an Orthopedic Surgeon or Cardiologist. One of the reasons that we choose Innovation Refunds is that their expert CPAs and Tax Attorneys determine, for free, exactly how much money your business is eligible to receive. Helping businesses to properly unlock these government incentives is Innovation Refunds’ specialty.

  5. Is there a cost?
    For Flora Bank & Trust customers, there is no upfront cost to determine if your business qualifies, and if so, to receive what amount of money. Innovation Refunds on average invests 14 hours of expert CPA/Attorney time, at their expense, to determine your eligibility. You will never be charged for this time. If you decide to move forward Innovation Refunds merely shares in a percentage of the money that you actually receive from the government.

  6. How much time do you have?
    We all know that government funded programs are subject to change. Time is of the essence. As of today you can obtain these funds but for how long remains uncertain. PPP, Restaurant Revitalization, and other funds ran out without notice. Don’t delay; be sure to claim your spot in line and receive the funds rightfully owed to you.



* Subject to Tax Evaluation by Innovation Refunds. Pre-qualification is not a guarantee of approval

Flora Bank & Trust is not affiliated with Innovation Refunds and makes no representation or warranty as to the quality, accuracy, or reliability of Innovation Refunds website.

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