Initially authorized in March 2020 through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) was established to provide potentially forgivable loans to businesses facing revenue shortfalls due to reduced operations or full closures as a result of the COVID-19 public health emergency. Since March, the Small Business Administration (SBA) has issued multiple program updates in the form of FAQs as well as formal guidance, but many organizations remain confused and overwhelmed. In response, we have developed specific programming to help organizations understand and navigate the loan forgiveness process:
PPP Loan Forgiveness Legal Consultation and Support
Webinars Covering PPP Loan Topics
- PPP Program Background
- Costs Eligible for Forgiveness
- Timing of Costs Eligible for Forgiveness
- FTE and Salary Reduction Limitations on Loan Forgiveness
- Deconflicting Funding Streams for Federal Grantees
- Documents that Must be Submitted with your PPP Loan Forgiveness Application
- Documentation that Must be Maintained
- Tax Implications of PPP Loans
In addition, there are several checklists and a list of key resources and sources to guide you through the process. Learn More or Purchase the Guide Here
LEGAL CONSULTATION HOURS AND SUPPORT
While our Guide may be used as stand-alone reference, we recognize that many organizations wish to discuss the nuances of their specific circumstances. Through our PPP Loan Forgiveness Assistance, we offer:
- Access to the PPP Loan Forgiveness Guide
- Two hours of consultation time with an FTLF attorney
- Special hourly rate for any additional support above and beyond the initial consultation
This legal consultation service enables you to ask real questions you encounter as you prepare your forgiveness application and to receive guidance from FTLF attorneys. Click Here to Purchase this Service
Questions? Please contact PPPSupport@ftlf.com
Note: by purchasing the legal consultation hours, you will be agreeing to enter into a limited legal engagement with Feldesman Tucker Leifer Fidell LLP (FTLF) on your organization's behalf. This is for your protection so that we may preserve attorney-client privilege during our conversations. If you wish to forego the consultation hours and do not wish to engage in an attorney-client relationship with FTLF, you may purchase the PPP Loan Forgiveness Guide separately.
PAYCHECK PROTECTION PROGRAM WEBINARS
All webinars on this topic are available on-demand:
- Financial Relief Under the CARES Act (recorded on 4/16/2020)
- Round 2: Financial Relief for Small Businesses (recorded on 4/27/2020)
- Protecting Against a Future PPP Loan Investigation (recorded on 5/5/2020)
- PPP Update: Assessing Your Loan (recorded on 5/12/2020)
- Paycheck Protection Program Loan Forgiveness (recorded on 5/21/2020)
- Paycheck Protection Program Flexibility Act (recorded on 6/11/2020)