The Paycheck Protection Program (PPP) - An SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis.
It is important that business owners are made aware that PPP Forgiveness is not granted automatically. It is the borrowers' responsibility to submit the correct form with the accurate calculation and information with all required documentation to PPP lenders. If a borrower does not submit Forgiveness Application within 10 months of the end of the Covered Period, deferral on the PPP loan ends, and the borrower must begin making payments.
The Economic Injury Disaster Loan (EIDL) is still open for applications. You can request for Reconsideration if you receive a declined letter. You can also request for Increase if you can prove you need more than you have received.
The webinar will present on the above and more, with all of the following different topics being covered:
SBA's Programs and Services
EIDL and PPP Loan Data Release (12/1/2020)
SBA Form 3509
SBA Form 3510
EIDL Application and Request for Reconsideration
PPP Flexibility Act Seven Key Changes(6/5/2020)
Changes of owners (10/2/2020)
PPP Forgiveness Reference (5/22/2020 to 8/27/2020)
Loan Forgiveness Payroll Cost FAQS
Loan Forgiveness Reductions FAQs
How to Apply for PPP Loan Forgiveness (11/2/2020)
Form 3508S (10/8/2020)
Form 3508 and Instructions
Form 3508EZ and Instructions
PPP Forgiveness FAQs for Lenders and Borrowers
PPP Loan FAQs for Lenders and Borrowers
This event will be held on the Zoom meeting platform. The event will be open to the public and feature complimentary. To access the event, please register with the link below.