(Recorded Webinar) Paycheck Protection Program Loan Forgiveness
The Small Business Administration has published the form for borrowers to apply to have their PPP loan forgiven. While the application document provides some long-awaited guidance, some questions remain and there are potential pitfalls that borrowers can and should address during their loan period and before submitting their forgiveness application.
This webinar will focus on the key features of the application and the guidance that the SBA has published on forgiveness to date including computing payroll costs, counting FTEs for forgiveness, and certifications of need for the loan.
In addition, we will discuss de-conflicting funding streams to avoid so called “double dipping,” strategies and calculations relevant to the 75 percent use for “payroll costs” requirement, and employee count and rate of pay thresholds that impact forgivability. Strategic spending and careful documentation now are the keys to forgiveness later.
- 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 the loan forgiveness process and the importance of contemporaneous documentation.
- Identify typical business records that may prove useful in supporting proper PPP use.
- Discuss remaining ambiguities in the guidance and strategies to mitigate risk in spending PPP funds.
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]
A Partner with the firm in the Federal Grants and Health Law practice groups, Scott advises clients on matters of federal grant law, government contract law, and health care law. Scott assists clients with the myriad requirements that apply upon acceptance of federal grant funding, including the administrative requirements and cost principles established in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), the Office of Management and Budget (OMB) Circulars that preceded the Uniform Guidance, and program-specific statutory and regulatory funding conditions. [Full Bio]
Certificates of Attendance: We verify attendance upon completion of a webinar (live or recorded version) and will only issue certificates in the name of the account holder enrolled in the course. If you need to document attendance for someone other than the account holder, we provide blank Certificates of Attendance for a supervisor to sign and certify that a different individual viewed the course.
Group Attendance: Due to the online nature of webinars, we cannot verify participation by more than one person. For groups, we provide an attendance record form and blank Certificates of Attendance to record attendance at a group viewing session and document each individual's participation. We recommend that a supervisor or colleague sign the certificate to certify attendance.
Read more about maintaining an attendance record in our FAQs.
- 1.50 Certificate of Attendance
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