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:

Paycheck Protection Forgiveness Assistance

Webinars Covering PPP Loan Topics

PAYCHECK PROTECTION FORGIVENESS ASSISTANCE

If you received a PPP Loan, it is critical to stay on top of the latest guidance. To help, we developed a guide to walk you through the process of completing your application for forgiveness. This Guidebook may be used as stand-alone reference or coupled with up to two hours of consultation time with an FTLF attorney to discuss questions you may have as you prepare your forgiveness application. Read more below or Click Here to Purchase. Questions? Please contact PPPSupport@ftlf.com

Toolkit

Full of practical guidance with examples, document checklists, and links to pertinent rules and guidance published by the Small Business Administration and the Department of the Treasury, the PPP Toolkit 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.

Legal Consultation Hours

Also included in this service is up to two hours of consultation time with an FTLF attorney. And, for consultation beyond the two hours, you are eligible for a special hourly rate.

Note: if you proceed with the legal consultation hours, we will ask you to enter into a legal engagement with Feldesman Tucker Leifer Fidell LLP (FTLF). 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 still retain access to the Loan Forgiveness Toolkit 

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PAYCHECK PROTECTION PROGRAM WEBINARS

FTLF has hosted a series of webinars discussing the funding available under the Paycheck Protection Program 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: