(Recorded Webinar) 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.
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.
- 1.00 Certificate of Attendance
Recorded webinars are available for 180 days after the date of purchase or date of the webinar. Once posted to your account, you can view this webinar anytime on-demand during the access period identified in your purchase confirmation. For additional information on viewing and accessing webinars, view our full terms and conditions here.
If you pay by credit card or PayPal, you will be able to access the recorded webinar immediately (unless the live webinar has not yet occurred). If you pay by check, we will grant access to the recording when we receive your check. You will receive a confirmation email once access is granted. FTLF reserves the right to suspend access to the webinar if payment is not received within 30 days. For more information on payments and registration, please visit our FAQ page.
No refunds will be provided for recorded webinars. FTLF can transfer a registration to someone else within your organization or, provided you have not already viewed the webinar, transfer the registration to another on-demand program. Where the registration fee for the new webinar is higher, you must also pay the difference between the original course and the new course registration fee at the time of transfer. Administrative fees may also apply. If your organization purchased a webinar under the account of a staff member who no longer works for your organization, please Contact Us. View our full policy on refunds and cancellations here.
Google Chrome and Mozilla Firefox are the preferred browsers.