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 Guide

PPP Loan Forgiveness Legal Consultation and Support

Webinars Covering PPP Loan Topics

If you received a PPP Loan, it is critical to stay on top of the latest guidance. To help, we developed a PPP Loan Forgiveness Guide to walk you through the process of completing your application for forgiveness. Full of practical guidance with examples, document checklists, and links to pertinent rules and guidance published by the SBA and the Department of the Treasury, our Guide is organized into eight chapters, each of which addresses a particular feature and /or requirement of the Forgiveness Application:
 
  • 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

Since March, FTLF has hosted a series of webinars discussing the available PPP funding and the SBA's Economic Injury Disaster Loans. As new information is available, we will continue to release new industry updates and develop new webinars to share recommended compliance practices to protect against future audits and investigations related to this funding.

All webinars on this topic are available on-demand: