Navigating the Paycheck Protection Program

Tuesday, May 5, 2020, 2:00 PM – 3:00 PM

Congress passed the CARES Act as a way to aid the nation as it struggles to respond to the COVID-19 pandemic. With an additional $310 relief available in the Paycheck Protection Program, businesses are applying for loans that can be converted into grants to allow for the payment of payroll and other eligible expenses. There is still time to apply for this valuable benefit. We will review the loan application process, determination of the eligible loan amount and the documents that loan underwriters will review. We will also discuss how to spend the funds to secure maximum forgiveness and review the process of having the loan forgiven. This is valuable information for any business looking to participate in the PPP.

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