Financial Relief Under the CARES Act
During the COVID-19 public health emergency, many community-based organizations and small to mid-sized for-profit businesses will find themselves with decreased revenue due to reduced operations or closures. In direct response to this challenge, the federal government recently implemented two new loan programs that appear well-situated to offer genuine financial relief.
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act which provides the Small Business Administration (SBA) with $349 billion for a new small business loan “Paycheck Protection Program” and $454 billion to the Department of the Treasury for loans to mid-sized businesses, non-profits, States, and municipalities.
On this webinar, we will provide an overview of the key aspects of these loan programs, including:
- Eligibility requirements and other restrictions
- Allowable uses for loan funds
- Application procedures and how to find an approved lender
- Requirements for loan forgiveness
- CEOs / Program Directors
- CFOs and Fiscal Staff
- Compliance Officers and Staff
- Project Managers and other Grants Management Staff
After this webinar, you will be better able to:
- Determine whether your organization is eligible for a loan under the Paycheck Protection Program.
- Recognize other potential loan options under the CARES Act.
- Identify the allowable uses for loan funds.
- Understand the application process and how to locate an approved lender.
- Describe the requirements for loan forgiveness.
A partner with the firm, Michael practices in the Federal Grants and Health Law groups, and has over three decades of experience advising community-based organizations on a broad range of legal matters. Specifically, he offers guidance to Federally Qualified Health Centers, other federal grantees, and several professional and trade associations on the 340B drug discount program, tax exemption, grants law, and fraud matters. [Full Bio]
A Senior Associate in the firm’s Federal Grants and Health Law practice groups, Joe advises clients on matters of federal grant law, government contract law, and health care law. Prior to joining the firm, Joe served as program counsel with the United States Navy Office of General Counsel at the Naval Sea Systems Command where he provided government contract law and federal fiscal law advice to program leadership and contracting personnel in critical programs. In addition, he also represented the Navy as lead trial attorney on bid protests before the U.S. Government Accountability Office (GAO). [Full Bio]
Participants can earn up to 1.50 CPE credits in Specialized Knowledge and Applications upon completion of all course requirements.
ATTENDEE REQUIREMENTS FOR CPE CREDIT
If you purchase CPE credit for this webinar you must satisfy the following conditions in order to receive your certificate:
- Answer at least 5 of the 7 polling questions during the webinar
- Complete the evaluation survey after the conclusion of the webinar
Upon completion of these requirements, FTLF will email you your CPE Certificate within five (5) business days.
- Prerequisites: None
- Target Audience: CEOs / Program Directors, CFOs and Fiscal Staff, Compliance Officers and Staff, Project Managers and other Grants Management Staff
- Advanced Preparation: None
- Program Level: All
- Delivery Method: Group Internet Based
- Attendance Requirements: In order to be awarded the full credits, you must respond to five (5) out of seven (7) polling questions.
Feldesman Tucker Leifer Fidell LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org (formerly www.learningmarket.org).
- 1.25 Certificate of Attendance
Access to the recorded version of this webinar is included in your purchase.
ACCESSING THE RECORDING
The recorded version of this webinar will be available within two (2) business days after the conclusion of the live event. You will have access to the recording for 180 days after the live webinar has concluded. Once posted to your account, you can view this webinar anytime on-demand during the access period identified in the Recorded Webinar Now Available email. For additional information on viewing and accessing webinars, view our full terms and conditions here.
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