(Recorded Webinar) PPP Update: Assessing Your Loan

Duration: 60 minutes
Webinar recorded on: 5/12/2020

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

Target Audience

  • CEOs/Program Directors
  • In-house legal counsel
  • CFOs and Fiscal Staff
  • Compliance Officers and Staff
  • Outside counsel

Learning Objectives

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
Course summary
Available credit: 
  • 1.00 Certificate of Attendance
Course opens: 
Course expires: 


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.

Available Credit

  • 1.00 Certificate of Attendance


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Required Hardware/Software

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