Round 2: Financial Relief for Small Businesses
Although the Small Business Administration (SBA) received $349 billion for the newly authorized Paycheck Protection Program (PPP) and $562 billion for Disaster Loans, to include Economic Injury Disaster Loans (EIDL), under section 7(b) of the Small Business Act and $10 billion for emergency EIDL grants, these funds were quickly depleted, leaving many borrowers left out to dry.
In response to this dilemma, on April 24, 2020, the President signed into law the Paycheck Protection Program and Health Care Enhancement Act, which, among other things, provides an additional $321 billion for the SBA’s popular and underfunded Paycheck Protection Program. In addition to the Paycheck Protection enhancements, the Act provides an additional $50 billion to the SBA for EIDLs, as well as an additional $10 billion for emergency EIDL grants.
This Webinar will not only provide an overview of these loan programs, to include eligibility requirements, allowable uses for loan funds, application procedures and the requirements for loan forgiveness, it will also address recent developments for each program since funds were originally appropriated under the CARES Act, and will also address Frequently Asked Questions that FTLF has recently encountered.
- 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 my 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.
- Examine 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 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, 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.
All registrations made the day of a live webinar must be completed using a credit card or PayPal. We do not accept check payments or purchase orders for live webinars on the day of the webinar. If you wish to pay by check, please register in enough time for your check to reach our office; we must receive your check before we grant access to the webinar. If we receive your check after the live webinar, we will grant you access to the recorded webinar. For the most current information, please visit our FAQ page.
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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