April 30 Webinar: My Paycheck Protection Program Loan is Funded – Now How Do I Ensure Loan Forgiveness?
After careful consideration, we have decided to postpone the webinar, “My Paycheck Protection Program Loan is Funded – Now How Do I Ensure Loan Forgiveness?” that was originally set to take place on April 21st.
Our team has been researching a number of articles that are raising significant questions around terms used in the Act, how they are interpreted, and overall concerns with calculations surrounding the forgiveness piece of the Act. With that said, the SBA is set to issue further guidance on these matters and the calculation of forgiveness by April 26th.
Our webinar will now take place on Thursday, April 30th at 2pm EST. Please note, if you had already signed up for the original date, your registration will automatically be transferred to the new date.
The United States Treasury reported over $230 billion of funds have been released to over 4,600 banks throughout the United States to fund small businesses through the Paycheck Protection Program (PPP) loan program. Now that your business has been funded, you’ll need to focus on how to ensure loan forgiveness.
This webinar will focus on the SBA’s requirements for loan forgiveness for PPP loans. David Blain and Mark Heath, Partners with McKonly & Asbury, will discuss the requirements per the Interim Final Rule; what banks and other lenders will be looking for in the way of documentation; how to properly account for the loan; the use of funds and the forgiveness; and best practices to appropriately track funds use.
During this webinar, attendees will learn:
- Details of the forgiveness function for PPP loans.
- Documents to retain and best practices for tracking activity of the funds.
- How to properly account for and record the loan activity and forgiveness matters.
Additional Details
Thursday, April 30 at 2 PM EST
This one hour-long webinar will take place on Thursday, April 30th at 2:00 p.m. EST. One “Other” CPE credit (Advisory) is available for this webinar. The level for this CPE is intermediate and there are no prerequisites for attending. This program is a live webinar which offers you the opportunity to ask questions and interact with the presenters.
Remember to visit our events page which contains details on all upcoming and past events. And for more COVID-19 resources, check out our COVID-19 Resource Center by clicking here.
Questions on submitting your PPP loan application or the forgiveness process?
Our team stands ready to assist you through the PPP loan application and forgiveness process. Do not go at it alone. Ensure you are submitting the right information and receiving the highest forgiveness amount possible. Visit our PPP Loan Consulting webpage by clicking here to request assistance or support.
This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although McKonly & Asbury has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.
