Paycheck Protection Program Update
Thursday, November 12th, 2020
As developments continue to emerge on the Paycheck Protection Program (PPP), McKonly & Asbury Partners, David Blain and Mark Heath provided a status update on where we are and highlighted continued changes that are proving to make for interesting times.
During this webinar, David and Mark reviewed two recently identified Loan Necessity Questionnaires – SBA Forms 3509 and 3510 – and discussed who it impacts, information requested, and what this means for the loan forgiveness process. They talked about SBA Form 3508S, a forgiveness application for those with loans less than $50,000, as well as lessons learned to date on loan forgiveness calculations including FTE calculations, qualifying payroll, and other costs.
During this webinar, participants received:
- Up-to-date guidance and analysis on new forms and changes proposed by the SBA regarding loan forgiveness.
- Further clarity on items specific to loan forgiveness calculations to better position your loan for expedient forgiveness.
- Insight into what the future might hold for the Paycheck Protection Program post-election.
You can download a copy of the slides here.
This free, one hour-long webinar took place on Thursday, November 12 at 2:00 p.m. EST. One “Other – Advisory” CPE credit was available for this webinar. The level for this CPE was intermediate and a basic knowledge of the PPP Loan program was helpful for attending. This program was a live webinar which offers the opportunity to ask questions and interact with the presenters.
If you have any questions regarding the material covered in this webinar, please contact us.