PPP Update: Assessing Your Loan
This webinar is an update to our May 5 webinar, Protecting Against Future PPP Loan Investigations.
The Small Business Administration (SBA) has received a total of $670 billion for its Paycheck Protection Program (PPP), serving as a key source of potential federal support for small businesses and nonprofits.
Businesses receiving PPP loans are required to make a number of certifications regarding the necessity for the loan, eligibility of the business, amount of the loan requested, and use of the loan proceeds. Recent guidance from the SBA reminded borrowers to “review carefully the required certification that ‘[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant’” and provided an amnesty period for ineligible borrowers to repay the loan without penalty (read our original Client Alert here).
The original deadline of May 7, 2020 was extended and borrowers now have until May 14, 2020 to repay the loan without penalty.
On our last webinar, we talked about the potential risks and enforcement actions that may stem from PPP loans. Given the high demand, and near daily updates by the SBA, we are hosting a new webinar to discuss:
- New guidance from the SBA
- Best practices for assessing need
- Answers to your questions about applying for the funds, using the funds, and seeking forgiveness
- CEOs/Program Directors
- In-house legal counsel
- CFOs and Fiscal Staff
- Compliance Officers and Staff
- Outside counsel
After this webinar, you will be able to:
- Describe any updates that the SBA has issued
- Explain how non-SBA grants may factor into the SBA need-based calculation
- Discuss the questions that the government will ask in an audit/investigation
- Identify strategies to assess compliance now and create necessary documentation in the event of a later audit/investigation
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]
As of May 2020, Derek is no longer with the firm.
Derek Adams is a former Trial Attorney with the Department of Justice and a partner in the firm’s Litigation and Government Investigations Practice group. Mr. Adams serves as practice lead of the firm’s False Claims Act defense practice, representing universities, health care organizations, and others facing False Claims Act investigations and litigation.
Participants can earn up to 1.20 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 3 of the 5 polling questions during the webinar
- Complete the evaluation survey after the conclusion of the webinar or in the follow-up email
Upon completion of these requirements, FTLF will email you your CPE Certificate within five (5) business days.
- Prerequisites: None
- Target Audience: CEOs/Program Directors, In-house legal counsel, CFOs and Fiscal Staff, Compliance Officers and Staff, and Outside counsel
- 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 three (3) out of five (5) 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).
- 1.00 Certificate of Attendance
- 1.20 CPEFTLF 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.
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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For orders of live webinars, FTLF will issue a full refund for cancellations requested at least one week PRIOR to the live webinar. We do not provide refunds for no-shows; however, you may request access to the recorded version of the webinar. If you ordered the wrong webinar and need to transfer your registration to a different program, please Contact Us. View our full policy on refunds and cancellations on our FAQ page.
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